According to a CoinDesk report, despite improvements in onchain security, losses from crypto hacks have continued to rise. In an exclusive interview with CoinDesk, Immuneifi’s CEO, Mitchell Amador, stated that the increase in losses is not due to smart contract vulnerabilities but rather a "people problem." The development suggests that while the technology securing blockchain assets is becoming more robust, other factors are contributing to the increasing financial impact of hacks within the cryptocurrency space.

According to a CoinDesk report, despite improvements in onchain security, losses from crypto hacks have continued to rise. In an exclusive interview with CoinDesk, Immuneifi’s CEO, Mitchell Amador, stated that the increase in losses is not due to smart contract vulnerabilities but rather a "people problem." The development suggests that while the technology securing blockchain assets is becoming more robust, other factors are contributing to the increasing financial impact of hacks within the cryptocurrency space.