In 2024, the cryptocurrency sector is likely to face increasingly sophisticated threats, as highlighted by blockchain security experts. The year is expected to see a rise in AI-powered phishing scams, BRC-20 exploits, and new smart contract vulnerabilities. Blockchain analyst Jesse Leclere from CertiK points out that phishing scams are evolving to target both individuals and corporate systems, using advanced social engineering tactics specific to the crypto context. Generative AI is anticipated to play a significant role in creating more realistic deep fakes to deceive crypto users, according to Jenny Peng, a research analyst at 0xScope. Peng also warns that the emerging BRC-20 ecosystem might face heightened security risks due to its relatively underdeveloped infrastructure. Cross-chain bridges, already a major vulnerability, continue to be a significant concern, with large-scale hacks such as the Ronin bridge hack serving as a cautionary tale. Phil Larratt from Chainalysis anticipates that illicit actors will increasingly use sophisticated methods, including privacy coins and mixers, to evade detection and prosecution.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
