IntoTheBlock: DeFi security incidents have caused losses of nearly $59 billion so far

Odaily News IntoTheBlock posted on the X platform that the losses caused by DeFi security incidents have reached nearly $59 billion so far. Historically, the main reasons for attacks on DeFi projects include private key management, mechanism design, and smart contract vulnerabilities. However, the first quarter of 2024 showed a shift, with most of the losses attributed to Rug Pull, which was due to the overall rise in the cryptocurrency market.