#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.
