SlowMist's latest MistTrack Stolen Funds Analysis for Q2 2024 reveals three primary vulnerabilities contributing to cryptocurrency thefts.

The report identifies mishandling of private keys as the leading cause, with incidents often stemming from storing keys on insecure platforms like Google Drive or sharing them via social media.

Additionally, fake wallets mimic legitimate apps to deceive users into divulging their private keys directly to hackers.

Phishing attacks remain prevalent, exploiting social media platforms to lure victims into revealing sensitive information.

Moreover, honeypot scams on decentralised exchanges mislead users with tokens that appear promising but are designed to be unsellable, further exacerbating the risk landscape.

SlowMist emphasises the importance of robust security practices to mitigate these threats in the crypto ecosystem.