Worst Year for Crypto Hacks: Human Error, Not Smart Contracts, Blamed

The past year marked a record high for cryptocurrency losses due to security breaches, but the primary vulnerability wasn't in the code. According to a new industry report, the majority of the stolen funds resulted from "people problems" like private key compromises and social engineering scams, rather than flaws in blockchain smart contracts. This shift highlights that while decentralized technology becomes more robust, users and centralized access points remain the weakest link. Experts emphasize the critical need for improved personal security practices, including the use of hardware wallets and multi-factor authentication, to protect assets like BTC and ETH from these prevalent threats.