In November 2024, the Web3 industry faced significant security incident losses amounting to approximately $86.24 million. The primary causes included smart contract vulnerabilities, account compromises, and price manipulation.
Key Incidents
Key incidents include:
1. MetaWin - Over $4 million was lost on November 4, 2024, due to a platform breach. 2. DeltaPrime - Exploits on Avalanche and Arbitrum led to $4.75 million losses on November 11, 2024. 3. Thala - On November 15, 2024, the Aptos project suffered $25.5 million losses from a smart contract vulnerability, partially recovering $11.5 million. 4. DEXX - Users lost $21 million on November 16, 2024, from ongoing attacks. 5. Polter Finance - A flash loan attack on November 17, 2024, resulted in $12 million losses.
Analysis and Recommendations
There was a decrease in incidents over the month, indicating progress in security measures. Smart contract vulnerabilities were responsible for 39% of the losses. AI supply chain attacks pose a threat, requiring rigorous testing and code reviews to protect assets.
About SlowMist
SlowMist is a pioneer in blockchain security, offering comprehensive solutions to protect assets. Known for its security audits and anti-money laundering tracking systems, it collaborates with renowned projects like Binance, OKX, and more.
The outcomes from November 2024 highlight the need for enhanced security measures and ongoing threat monitoring to avert major losses in the future.
