Crypto Losses Hit $473M in Q2 2024

According to a report by blockchain security firm Immunefi, the crypto industry suffered losses totaling $473 million due to hacks and fraud in the second quarter of 2024. The report identified 108 incidents, with hacks accounting for $397 million and fraud for $76 million. Despite the substantial losses, this represents a 51% decrease compared to the same period in 2022. The decentralized finance (DeFi) sector remained the primary target, accounting for 86% of all losses.Read more on Decrypt