Decline in Crypto Hacking Losses Marks Q1 2024

Decline in Crypto Hacking Losses Marks Q1 2024



In a marked shift within the digital currency landscape, the cryptocurrency sector experienced a significant reduction in financial losses due to hacking activities in the first quarter of 2024. A report issued by Immunefi, a leading cybersecurity firm specializing in the crypto realm, details that the industry faced losses amounting to $336.3 million, representing a 23.1% decrease from the previous year's figures.



The analysis provided by Immunefi sheds light on the distribution of these financial setbacks, attributing over $321 million of the losses to a combination of 46 hacking incidents and 15 fraudulent activities. These events predominantly targeted decentralized finance (defi) platforms, which bore the brunt of the financial losses, underlining the sector's vulnerability to security breaches, particularly through the


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Hacker, #Hacking, #News, #Regulations

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