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BNB Chain has experienced significant financial losses amounting to $1.64 billion due to hacks and rug pulls since 2017. Of these losses, $368 million were specifically due to rug pulls. Despite these challenges, recent hard forks have helped reduce vulnerabilities, leading to fewer losses in recent years. In comparison, Ethereum has faced even higher losses, totaling $3.6 billion. Additionally, centralized exchanges (CEXs) have seen a dramatic increase in hacks, with losses reaching over $1.4 billion in 2024, marking a 900% year-over-year spike.
This week on Finance Redefined: @MetaMask, @0xPolygon, and @Starknet unveiled new infrastructure to boost adoption, while centralized exchange hacks surged, contributing to over $1.4 billion in losses in 2024 and a 900% increase in YoY CEX losses. https://t.co/HfsuVSBptw
This week on Finance Redefined: @MetaMask, @0xPolygon, and @Starknet unveiled new infrastructure to boost adoption, while centralized exchange hacks surged, contributing to over $1.4 billion in losses in 2024 and a 900% increase in year-over-year CEX losses.…
🚨 Hackers Loot $1.4B from CEXs in 2024 | MetaMask Makes Web3 Onboarding a Breeze CEXs are getting rekt with a 900% YOY spike in losses. Over $1.4B stolen in 2024. DeFi is getting stronger, but CEXs need to up their game. MetaMask's new toolkit is gonna make onboarding to Web3… https://t.co/XHiPu5PIjv
