Good news: August saw a significant decrease in cryptocurrency losses due to hacks and fraud, according to a recent report from Immunefi. Total losses amounted to $15,082,000 across five incidents, marking the lowest monthly total year-to-date and a 94.5% decrease from July. As Decrypt reported at the time, July saw cross-chain DeFi protocol Li.Fi losing about $11 million to a hack. Reports indicate that hackers stole more than twice as much cryptocurrency in the first half of 2024—based on the...
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