Nearly half of all cryptocurrency lost to exploits is due to Web2 flaws. In other news, Commerzbank (ETR:) says it is the first “full-service” German bank will be granted a crypto custody license. Meanwhile, the United States securities regulator isn’t likely to change its stance on spot (BTC) exchange-traded funds (ETFs).
According to analysis from blockchain security platform Immunefi, 46% of cryptocurrency lost via exploit is due to traditional Web2 flaws. These infrastructure weaknesses, as opposed to smart contract flaws, accounted for a large share of all losses.