Crypto hacks increase in 2024, but smart contracts not to blame

Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks.

Cryptocurrency hackers and exploiters might be poised for a more successful year in 2024, potentially surpassing their achievements in 2023.

In the first quarter of 2024, hackers stole digital assets valued at $542.7 million, a 42% increase compared to the same period in 2023.

The primary reason for this is hackers continually shifting their attack vectors and looking for easier targets, according to Mriganka Pattnaik, co-founder and CEO of crypto risk and intelligence platform Merkle Science.

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