Phishing scams became the leading security threat in the cryptocurrency sector in 2024, resulting in over $1 billion in losses across 296 incidents, as reported by CertiK. Private key theft also posed significant risks, with hackers stealing more than $855 million.Despite a 52% decline in total crypto theft compared to 2022, broader hacking incidents surged to $2.3 billion, highlighting the urgent need for enhanced security measures. Industry efforts, including initiatives by major exchanges and the Security Alliance, aim to combat these evolving threats.
