Breaking Rugs: The State of Web3 Security 2024

Explore the latest insights on Web3 vulnerabilities, common exploits, and actionable security strategies for mitigating access control risks in the 2024 ecosystem.

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a quick summary

A Quick Summary

In total, $2.1B USD was lost this year.

May saw the highest loss in 2024 of $350M in 17 incidents.

Ethereum saw the highest number of incidents (100) lost $465M.

Biggest hacks include DMM Bitcoin ($300M), Playdapp ($290M), & WazirX($230M).

Access control exploits accounted for $1.73B in losses, making up 78% of all crypto hacks.

Solana has become a hotspot for rug pulls, largely driven by memecoins platform such as pump.fun

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