According to TechFlow, on July 30, The Block reported that according to the latest report from Immunefi, a web3 vulnerability bounty and security service platform, following a further $269.4 million vulnerability in July, the crypto industry has suffered more than $1.19 billion in losses from 149 hacking and fraud incidents so far this year. Compared with the same period in 2023, the losses so far this year have increased by 16.3%, with a loss of $1.02 billion in 2023.

July’s losses came mainly from 14 incidents, which, despite being down 15.9% year-over-year, were up 90% month-over-month. This was the second-highest monthly loss in 2024, behind only May’s $358 million. Most of the losses came from the $235 million hack of WazirX, which was suspected to be the work of North Korean hackers.

CeFi vulnerabilities also dominated the $1.19 billion in total losses year-to-date, accounting for $636 million (53.4%) in losses from just 6 incidents. DeFi lost $554 million (46.6%) in 143 specific incidents. Ethereum and BNB chains were once again the main targets, accounting for a combined 71.4% of total on-chain losses.