Last year, blockchain security was significantly developed, marked by a considerable $50 billion decrease in lost cryptocurrency assets. The decline reflects an evolution toward more robust security measures and the maturity of the decentralized finance (defi) network.

According to the year-end report released by the cryptocurrency security company Hacken, the money lost to scams and hacks decreased significantly, totaling $1.9 billion. This decline differs from prior years, suggesting that the sector has made significant progress in fortifying security procedures and effectively…

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