In Q1 2024, the DeFi sector experienced a staggering surge in losses attributed to private key compromises, totaling $239 million, marking a remarkable increase of approximately 1,171% from the same period in 2023, where losses amounted to $18.8 million. This surge is compounded by the doubling of reported private key-related incidents, with 26 compromises reported in 2024 compared to 11 incidents in 2023.
Q1: What was the total loss attributed to private key compromises in Q1 2024?
A1: $239 million
Q2: Who suffered a loss of $112 million due to the compromise of personal private keys in Q1 2024?
A2: Chris Larsen
Q3: Storing all multisignature keys within the same BitWarden account is a secure practice.
A3: FALSE
