Immunefi CEO: On-chain security is improving, but "people" are becoming the biggest vulnerability in crypto security

2026-01-19 14:05:59

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Odaily Planet Daily reports that Immunefi CEO Mitchell Amador stated in a recent interview that although cryptocurrency losses continue to rise, on-chain security is improving. 2025 is expected to be the worst year for hacking attacks on record, but the largest security failures are not due to on-chain code, but rather Web2 operational errors such as passwords, private keys, infected devices, and human mistakes. As code becomes increasingly difficult to exploit, the main attack surface for crypto security in 2026 will be humans, with human factors becoming a weak link that Web3 participants must prioritize. This view is consistent with findings from a Chainalysis report. The report shows that in 2025, cryptocurrency losses due to scams and fraud amounted to approximately $17 billion. Among these, identity impersonation scams increased by 1400% year-over-year, and AI-driven scams are 450% more profitable than traditional schemes. (CoinDesk)

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