Crypto losses due to hacks and scams surpass $1 billion year-to-date: Immunefi | Headlines | News | CoinMarketCap
07/30/2024 20:22
The crypto industry has clocked up over $1.19 billion in losses due to 149 hacks and scams year-to-date following a further $269.4 million worth of …
The Block Crypto News22 minutes ago
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Published on July 30, 2024 13:00 GMT+00:00edited on July 30, 2024 13:09 GMT+00:00
The crypto industry has clocked up over $1.19 billion in losses due to 149 hacks and scams year-to-date following a further $269.4 million worth of exploits in July, according to the latest report from web3 bug bounty and security services platform Immunefi.
The year-to-date tally represents a 16.3% increase compared to the same period in 2023, which saw $1.02 billion in losses.
July’s losses from 14 specific incidents represent a 15.9% decrease year-over-year but a 90% increase month-over-month — the second-highest monthly loss in 2024 after May’s $358 million. The majority of the losses came from one exploit alone, the $235 million hack on WazirX, suspected to have been carried out by North Korean hackers, with the centralized Indian crypto exchange facing a backlash over its …