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Private Key Vulnerabilities Account for 40% of Crypto's $16 Billion Hack Losses, Says Pharos CEO
Private key vulnerabilities, not smart contracts, are responsible for 40% of the $16 billion in crypto hack losses.

Private key vulnerabilities, not smart contracts, are responsible for 40% of the $16 billion in crypto hack losses.

Advanced AI models like Anthropic's Claude Fable 5 could enable "superhuman" hacking, posing a significant threat to the DeFi sector already reeling from over $840 million in hacks.

Immunefi CEO Mitchell Amador attributes the recent surge in DeFi security breaches to the proliferation of advanced AI models, signaling a new era of cyber threats.

Chainalysis reveals a concerning trend: $36.7 million lost across four DeFi exploits since January targeting unverified smart contracts.