DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report

Q: How long will it take to read this news story?

The story "DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report" has 430 words across 70 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report" was covered 22 hours ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 1 news stories per day. It's most recent story was published 1 days ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24656467</li><li>URL: https://beamstart.com/news/defi-exploits-plunge-40-in-17351055307627</li></ul>

NewsBTC Logo NewsBTC 22h ago

DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report - NewsBTC

Quick Summary:

According to a report published today by blockchain security firm Hacken, decentralized finance (DeFi) protocols witnessed a steep decline in exploits in 2024, while centralized finance (CeFi) platforms more than doubled their losses due to security breaches.

In contrast, CeFi platforms, including cryptocurrency exchanges, reported $694 million in losses in 2024, more than double the $339 million recorded in 2023.

DeFi Platforms Show Better Security Mechanisms In its annual "Web3 Security Report,” Hacken outlined the general trends in the cryptocurrency industry with regard to scams and security infrastructure.