@pearlofwisdoms
🚨 Centralized Risk: Are CEXs the Real Weak Link in Web3 Security? 🚨
While DEXs are often perceived as the vulnerable part of Web3 security due to recent infamous hacking incidents, latest CyVers 》Proactive Web3 Security report for Q2 2024 indicates that CEXs are actually the main weak point.
Despite the very real risks associated with smart contract vulnerabilities, centralized exchanges have become the primary target for attackers.
📊 Interesting Stats from the Q2 Report:
- 900% Increase in Funds Lost in CEXs due to Hacks
- Hackers targeted CEXs twice as much as DEXs
- CEXs lost 7 times more funds compared to DEXs
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