Crypto hacks increase in 2024, but smart contracts not to blame: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1717847719821-YAKIHONNES3.jpg Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks. Cryptocurrency hackers and exploiters might be poised for a more successful year in 2024, potentially surpassing their achievements in 2023. In the first quarter of 2024, hackers stole digital assets valued at $542.7 million, a 42% increase compared to the same period in 2023.
Historically, smart contracts were a primary target for hackers. However, recent reports indicate a dramatic decline in losses due to smart contract vulnerabilities, which fell by 92% in 2023. This decline is a result of hackers increasingly targeting areas outside of smart contracts, such as phishing attacks and insecure storage practices