Article Content: The article from CoinDesk highlights that in 2024, crypto hacks and rug pulls led to losses amounting to $473 million. This data comes from Immunefi, a security service that monitors vulnerabilities in decentralized finance (DeFi) projects.
Source: coindesk.com
We have been seeing this happening over time that many projects go on rug pull, we have to know well what we are investing on, but the good news about all these is that the whole thing is going on a decline, if you're to compare from the way backward to this present moment, we have been having a decreasing rate on hacks and rug pull, which also tells that the more the widespread of bitcoin the more people are getting knowledge about it and are trying to avoid being scammed.
Investors are getting smarter now, they just don't invest on hype, they have learn their lessons very well and just don't want to put their money on high risk projects.
For scams and others, the game though is increasing, hackers are sophisticated, so still up to us to practice safety hygiene.
I think the numbers will still continue to decline overtime because again we could be evolving and learning.
Developers ensuring their codes are foul-proof because releasing it to production.