Crypto Security: August Saw Lowest YTD Loss – 100% DeFi Hacks, No Fraud or CeFi Attacks 🔒
The crypto sector experienced a total loss of $15 million in August 2024, according to data from Immunefi.
All losses were attributed to five separate DeFi hacks, with no reported cases of CeFi hits or fraud during the month.
This marks the lowest year-to-date loss for the crypto space, highlighting a trend towards better security in certain areas.
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