The Hacken 2024 Web3 Security Report

2024 was a pivotal year for Web3 security, with losses exceeding $2.9 billion across DeFi, CeFi, gaming, and metaverse platforms. Access control vulnerabilities surged, accounting for 75% of all crypto hacks, while phishing scams led to $600M in damages. Yet, there’s hope—DeFi losses dropped by 40%, and bridge exploits hit an all-time low.

What’s inside the report?

• Access Control Exploits: How $1.7B was stolen and why it’s the top crypto threat.
• DeFi vs. CeFi: Why centralized exchanges suffered double the losses this year.
• Gaming & Metaverse Hacks: A breakdown of major incidents like the $290M PlayDapp exploit.
• Rugpulls & Phishing: The rise of Solana memecoins and celebrity-endorsed rug pull scams.
• Smart Contract Vulnerability Exploits: Responsible for just 14% of total losses in 2024, these incidents emphasize the ongoing risks posed by smart contract vulnerabilities and the need for thorough auditing to safeguard against breaches.
• Future-Proofing Web3: Key security advances, CCSS certification, and evolving defense mechanisms.

Discover original research, expert insights, and actionable security practices to navigate the evolving Web3 landscape.

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