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Hackers stole $409 million in cryptocurrency during Q3 2024, marking a 40% decrease from the previous year, according to Immunefi. WazirX and BingX were the hardest hit, losing $235 million and $52 million respectively. The majority of incidents occurred on the Ethereum blockchain. Despite an overall decline, the total amount lost to crypto hacks in 2024 has surged to $2.1 billion, with centralized finance (CeFi) platforms experiencing a 984% increase in losses year-over-year. DeFi platforms continue to be major targets, with recent hacks netting $10 million in just 48 hours. As Web3 expands, proactive security measures are more crucial than ever.
๐ It's inspiring to see @VitalikButerin's push for making Ethereum alignment more measurable and transparent! We've been on a similar path, developing a "Crypto Wallet Security Score" with objective criteria to rate wallets and track how well they protect users against scams. https://t.co/R21g8aw3So
[https://t.co/wgKD9GZ10L] Vitalik Buterin Proposes Key Concepts for Aligning #Ethereum Ecosystem, Advocates for Transparency in Meeting Open Source, Decentralization, and Security Standards $ETH
Vitalik proposed some concepts of alignment for the Ethereum ecosystem: - Open source - Open standards - Decentralization and security - Toward Ethereum and Toward the broader world - My ideal goal here is that we see more entities like L2beat emerging to track how wellโฆ
