🚀 DeFi security is on the rise! In 2024, decentralized finance protocols slashed their losses by 40%, showing impressive resilience against hacks. This marks a significant improvement, with losses dropping to $474 million from $787 million in 2023. However, Radiant Capital faced a major attack, losing over $55 million.

🔒 Meanwhile, CeFi platforms are under siege, with losses doubling to $694 million. The biggest hit was DMM Bitcoin, losing $305 million in May. Access control exploits remain a major issue, responsible for 75% of crypto losses. Despite challenges, the crypto world is making strides in security! #DeFi #CryptoSecurity