Nearly $1,700,000,000 in Crypto Lost Through Private Keys Theft As Access Control Exploits Becomes Major Threat
New data from cybersecurity firm Hacken reveals that $1.7 billion worth of crypto assets were lost through the theft of private keys in 2024.
In its 2024 Web3 Security Report, Hacken says that the theft of private crypto keys remains the most “significant” threat to crypto investors.
According to Hacken, the number of smart contract exploits pale in comparison to how often private crypto keys are stolen.
“In 2024, access control exploits – closely tied to private key compromises – accounted for nearly of total crypto hack losses, up from 50% in 2023.
This translates to nearly lost across Web3, a sharp increase from less than $1 billion the previous year. 75% $1.7 billion In comparison, smart contract vulnerability…
