CertiK’s Post

A total of $502,522,934 was lost across 223 onchain security incidents in Q1 2024. This represents a 54% increase in value lost compared to Q1 of 2023’s total of $326 million, though a minor 3.8% decrease from Q4’s losses of $522 million. January was the most costly month of the quarter, with $193,132,537 lost in 78 onchain security incidents. Private key compromises were once again the most costly attack vector, with $239,037,879 lost in just 26 incidents. This again represents nearly half of all financial losses, though key compromises accounted for just 11.7% of all security incidents. Ethereum experienced the highest number of security incidents, with a total of 131 hacks, scams, and exploits leading to $139 million in losses. $77,970,073 of value was ultimately returned, with the majority of this figure coming from the Munchables incident. Hack3d investigates the ongoing prevalence of private key compromises, as well as Solidity rounding error exploits, the unprecedented inflows to the recently-approved Bitcoin ETFs, major financial institutions’ forays into onchain finance, and the effects of Ethereum’s successful Dencun upgrade on scaling L2s.

🚨 Breaking News: #BlockchainSecurity 🌐 - dWallet Labs warns that validator addresses hosted by InfStones, a blockchain infrastructure company, are exposed to critical security vulnerabilities, posing a risk to approximately 1 billion dollars' worth of cryptocurrencies such as ETH, BNB, SUI, and APT. InfStones responds, stating that potential vulnerabilities may only affect a small number of active nodes and they are actively addressing the issue through bug bounties and security audits. ⚠️💻 #CryptoSecurityAlert

Smart contracts extend the functionality of the blockchain by allowing programs to run on top of the distributed ledger. However, as smart contracts become more common and powerful, vulnerabilities in these contracts have far-reaching implications. Enroll in this course to learn about common smart contract vulnerabilities and how to identify and remediate them: https://bit.ly/3VVQql4 #security

🔧 Hacken Extractor Update: Introducing Smart Contract Actions! We're excited to unveil a major upgrade to Hacken Extractor – Smart Contract Actions! This new feature brings unparalleled real-time security capabilities to your Web3 projects, allowing for immediate, automated protective actions upon threat detection. 🛡️ Enhanced Security: With Smart Contract Actions, you can instantly secure your assets, elevating your blockchain's proactive protection. This tool is designed to respond swiftly and effectively, safeguarding your investments from potential threats. 🚀 Explore the benefits and applications of Smart Contract Actions in our latest blog post, where we detail how they can prevent real-world hacks and enhance security strategies: https://lnkd.in/d44ZCz6W

Secure your online presence with the strength of blockchain security! 🔏 𝐒𝐓𝐑 𝐃𝐨𝐦𝐚𝐢𝐧𝐬 utilizes robust encryption and decentralized architecture to safeguard your domain data from hacking and manipulation. Rest easy knowing that your digital assets are protected with STR Domains. 💥 👉 https://www.str.domains #strdomains #BlockchainSecurity #SecureOnlinePresence

🚀 We're thrilled to announce that our recent smart contract audit, conducted by the renowned security firm Halborn, is now complete and publicly available! 💡 What was the audit about? Halborn's expert team recently performed a thorough security assessment of our smart contracts. Their mission was to identify potential vulnerabilities and ensure our smart contracts function as intended. 🔎 0 critical issues were found, demonstrating our commitment to exceptional security. 🔗 Check out the full report here to see how Mesh is setting new standards in blockchain security: https://lnkd.in/dzGeTT3w

🔐 EtherAuthority is elevating blockchain security to unprecedented levels through its meticulous Smart Contract Security Audit services. 🚀 Our team of expert engineers conducts comprehensive audits, scrutinizing every line of code to identify vulnerabilities and ensure compliance with the highest security standards. 🔍 By covering all common issues and critically analyzing the most plausible scenarios, #EtherAuthority guarantees the integrity and reliability of smart contracts. ⚔️ This proactive approach not only safeguards against potential threats but also fortifies the #blockchain ecosystem, making it a safer environment for all users and developers. 🌐 #smartcontracts #web3

Explore the ultimate list of the top 10 smart contract security tools to fortify your blockchain projects. From static analysis to dynamic scanning, these tools provide robust protection against vulnerabilities, ensuring the integrity of your smart contracts. 🎯 𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 👉 https://lnkd.in/g5CW-T3A #SmartContractSecurity #BlockchainDevelopment #SecurityTools #SmartContractAuditing #BlockchainSecurity #SecureCoding #Solidity

🚀Ensuring Optimism! 🔍 Our Xamer team conducts Optimistic Smart Contract audits on the Optimism #network. 🔒 Security experts scrutinize #code for vulnerabilities, bugs, and risks, ensuring your smart contract operates flawlessly.🌐 #optimism #SmartContractSecurity #blockchain

🛡️Ensure Fantom smart contract #security & functionality with Xamer #audit🕵️♂️. Reviewing #code for potential vulnerabilities & protecting smooth execution on #fantom🔗#blockchain. #smartcontract