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Crypto thefts surged to $2.2 billion in 2024, centralized exchanges bore and DEFI seem to be the big honey pots, and how sure are we that this won't happen to spot #ETF custodians and other wrapper products? Especially when Chainalysis states that private key compromises as a major vulnerability contributing to nearly 44% of all stolen funds in 2024
A lot of focus is on buying Bitcoin, not enough on securing Bitcoin and it shows!
https://cryptoslate.com/north-korean-hacker-steal-1-3-billion-in-crypto-this-year/
Discussion
The hacks and losses will continue until self custody improves