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#Cryptohack losses double — DMM Bitcoin, BtcTurk hit hardest Crypto hacks, frauds total doubled in second quarter over year earlier. Second quarter saw more than $572 million stolen. Funds recovery to date is about 5%. Crypto losses to hacks and rug-pulls in the second quarter doubled compared to the same period last year, according to security platform Immunefi. Losses totalled almost $573 million in the second quarter, mostly to hacks, while $8.4 million was lost to frauds, the report said. That aligns with data from DefiLlama that suggest crypto projects have lost some $664.3 million to hacks and exploits this year. $BTC $ETH $BNB

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REMILIA DAO #HACKER TRANSFERS $4.3M IN STOLEN CRYPTO THROUGH TORNADO CASH

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Kraken Says #Hackers Turned to 'Extortion' After Exploiting Bug for $3M The bug found by a "security researcher" led to nearly $3 million stolen from Kraken's treasuries. Kraken said third-party security researchers found a vulnerability, which was fixed by the crypto exchange. The researchers secretly withdrew nearly $3 million and refused to give it back without seeing the bounty amount first, Kraken said. Blockchain code editor Certik said it found a vulnerability in Kraken's platform and claims to have been "threatened" by the exchange. $BTC $ETH

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