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Deep Tide TechFlow News, January 19, Immunefi CEO Mitchell Amador stated in an interview with CoinDesk that most losses stem from Web2 operational failures (such as password theft and social engineering), rather than on-chain code vulnerabilities. Chainalysis data shows that in 2025, approximately $17 billion worth of cryptocurrency will be lost to scams and fraud, with impersonation scams increasing by 1400% year-over-year, and AI-assisted scams being 450% more profitable than traditional methods. As code becomes harder to exploit, attackers are shifting their focus to targeting people, and over 90% of projects still have critical vulnerabilities.