Real-time threat detection and AI integrations could further bolster Web3 security, according to the CEO of Cyvers.
Centralized finance (CeFi) entities are the largest target for cryptocurrency hackers in 2024.
Over 70% of the funds lost through cryptocurrency hacks are stolen from CeFi entities, according to Deddy Lavid, the co-founder and CEO of Web3 security firm Cyvers.
The CEO told Cointelegraph that CeFi entities account for about 70% of incidents both in terms of lost funds and amount of exploits:
