Report: Cryptocurrency breaches cost nearly $1.4 billion this year

According to the mid-year Web3 security report by cybersecurity company Cyvers, as centralized exchanges become the new point of attack, the total amount of stolen cryptocurrency funds this year has reached nearly $1.4 billion. In the second quarter of 2024, the total cryptocurrency losses exceeded $600 million, an increase of 100% compared to the same period last year. The report stated that the main reason for the surge in stolen funds was a 900% increase in losses from centralized exchanges.