Private Keys Drove Crypto’s $16bn Losses

New YorkPrivate keys drove 40% of crypto’s $16bn losses.

Blockchains rarely breach directly; private keys — the single secret authorizing wallets — are the exploitable weak link, per DeFiLlama data.

Multi-party computation and account abstraction remove the single-key failure mode — but neither is in wide production use.

Sources: CoinDesk