These Were Top Crypto Hacks of July
08/01/2024 13:20
July saw $266 million worth of crypto hacks
According to data provided by blockchain security company PeckShield, a whopping $266 million worth of crypto was stolen by hackers last month.
Of course, the WarizX hack comes at the top of the list. The prominent centralized Indian exchange lost $266 million worth of crypto. Recently, the exchange launched a recovery plan that allows users to immediately get access to 55% of their assets.
The $24 million hack of decentralized cryptocurrency borrowing and lending platform Compound comes in second place with $24 million worth of crypto.
Berlin-based cryptocurrency trading aggregator LI.FI comes in third place with $8 million. As reported by U.Today, the protocol's prebridge swapping feature ended up being exploited once again.
Minterest, MonoSwap, and DeltaPrime are also among notable hacks.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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