Multisig Failures Dominate as $2B Is Lost in Web3 Hacks in the First Half

Description

Crypto investors lost around $2 billion to hacks in the first half of the year, with the first quarter alone topping all the losses of 2024, according to a report from security firm Hacken . The most intriguing finding was that multisignature wallets, which require several people to sign a transaction before it is executed were frequently compromised due to user interface tampering and signer mismanagement. The infamous first-quarter hack of centralized exchange Bybit resulted in a $1.46 billion...