Crypto investors will have to keep their eyes peeled for sophisticated phishing scams and a plethora of smart contract vulnerabilities next year, according to blockchain security firms.
AI-powered phishing scams, BRC-20 exploits, and new smart contract vulnerabilities are among the biggest threats that crypto projects and investors will likely face in 2024, according to blockchain security firms.
While the $1.7 billion in scam and hack-related losses in 2023 stands as an undeniable improvement to the $4 billion lost in 2022 — Jesse Leclere, a blockchain analyst from CertiK, warned Cointelegraph that scams are only becoming more advanced and users should remain hyper-vigilant for well-executed exploits.
“Phishing, evolving in its sophistication, will likely target not only individual users but also corporate systems [...] using social engineering tactics tailored to the crypto context,” said Leclere, pointing to the Dec. 14 Ledger Connect exploit as a prime example of an advanced attack.
