 | Web3 bug bounty platform Immunefi has revealed that the cryptocurrency industry lost an estimated $509 million to hacks and fraud in the second quarter of 2024, marking a staggering 91% increase from the same period last year. May 2024 alone saw the highest monthly losses recorded, amounting to $107 million. June, however, experienced a slight reprieve with losses dropping to $78 million across 12 incidents, a 27% decrease from the $107 million lost in June 2023. [link] [comments] |
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