🚨 In the second quarter of 2024, $572.7 million worth of cryptocurrencies were lost due to 72 incidents related to hacking attacks and fraud. The main targets were centralized financial system platforms.

📈 This is 70.3% more than in the first quarter and 112% more than in the second quarter of 2023.

🔍 Immunefi data shows that attack targets are changing. In the second quarter, the brunt of the impact fell on centralized financial system platforms, which accounted for 70% ($401.4 million) of losses.

🔐 The founder and CEO of Immunefi emphasized the need to strengthen security measures to protect the entire ecosystem.

🎯 Hacker attacks were the main form of losses, accounting for 98.5% ($564.2 million) of the total across 53 incidents.

📊 A total of $26.7 million in stolen funds was recovered in four specific cases, representing only 5% of total losses in the second quarter of 2024.

What do you think about these alarming trends? Share your thoughts in the comments! 👇