Citing Cryptonews, Web3 blockchain security firm Blockaid has launched a new dashboard, State of the Chain, offering insights into 2024 onchain activity and security trends. The tool provides customizable insights into decentralized applications, token activity, and other blockchain trends. Blockaid claims its platform prevented 71 million attacks in 2024, saving users from significant financial losses. Despite these efforts, cryptocurrency scams and fraud resulted in over a billion in user losses. The firm also reported that 59.3% of new tokens launched in 2024 were identified as malicious, with rug pull scams accounting for 27% of these. In July, Blockaid identified a sophisticated domain registry attack affecting multiple DeFi applications, highlighting vulnerabilities in Web2 infrastructure.
Blockaid's Dashboard Reveals 71 Million Prevented Attacks in 2024
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.