BNB Chain 2024 Security Report
Salus, the Web3 security firm, has released its comprehensive BNB Chain 2024 Security Report, detailing significant improvements and insights into security on BNB Smart Chain (BSC) during Q2 2024.
The report reveals:
- An 83.3% reduction in financial losses on BSC between Q2 2024 and Q2 2023.
- A 19% decrease in total losses and an 18.6% decrease in security incidents from Q1 2024 to Q2 2024.
The findings highlight:
- A detailed analysis of security incidents and targeted projects.
- Common attack techniques such as contract vulnerabilities and exit scams.
- Financial losses amounting to approximately $11.7 million in Q2 2024, representing a significant improvement from previous quarters.
- BSC’s role in the broader blockchain industry, comprising 5.97% of the $95,552,224 stolen across all chains in Q2.
BNB Chain continues to strengthen its position:
- With growing daily active users and transaction volumes.
- Through initiatives like AvengerDAO, focusing on early scam detection and monitoring malicious activities.
The ecosystem includes:
- BNB Smart Chain (BSC): A secure DeFi hub with low gas fees and governance capabilities.
- opBNB: A scalable L2 solution with rapid processing speeds.
- BNB Greenfield: Providing decentralized storage solutions.
Setting high standards for security, BNB Chain remains proactive in protecting users with tools like Red Alarm for real-time risk assessment of DApps.
Looking ahead, BNB Chain aims to further enhance security measures and educate users about potential risks in the evolving blockchain landscape.
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