
Half a Billion Was Lost to Crypto Hacks and Fraud in Q2, Says Immunefi
Crypto bug bounty platform Immunefi estimates $509 million was lost to hacks and fraud during Q2, a 91% increase from the same time last year. The report noted that in May 2024, the industry experienced its highest losses to date, amounting to $107 million. In contrast, June saw a decrease in losses to $78 million across 12 different scenarios, marking a 27% decrease the $107 million lost in June 2023. Japanese centralized exchange DMM Bitcoin suffered the most during this quarter. The exchange...


