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.

Protect your investments. Safeguard Web3. Together, let’s build a more secure blockchain ecosystem.