Crypto investors lost about $ 2 billion to hacks in the first half of the first quarter, with the first quarter topped all the losses in 2024, according to a report from the security company Hacken.
The most exciting find was that multi -signature drawing books that require more people to sign a transaction before being performed was often compromised due to user interface -manipulation and misunderstanding of the signer.
The notorious hack in the first quarter of centralized Exchange Bybit resulted in a violation of $ 1.46 billion when a compromised secure wallet interface fooled authorized signatories.
It was the third quarter in a row when the biggest hack came from Multisig falls.
The first half also saw $ 300 million in rugs. Phishing and social engineering campaigns also contributed strongly and criticized almost $ 100 million. Vulnerabilities in the smart contract were insignificant and account for less than 2% of total losses.
Access control problems remain the dominant theme responsible for over 80% of each stolen dollar this year.
Hacken called for shifts from reactive revision to operational defense in real time. Its report recommends the use of AI-driven monitoring systems that continuously validate multi-barn transactions, detect deviations in signing activity and trigger automated protective measures.
It also recommends that both CEFI and DEFI projects treat Signer Protocols, Multisig Frontends and human workflows as security-critical infrastructure, strengthening them with automation, training and tighter governance.
