DeFi protocols lose $38.9 million in January exploits

Decentralized finance (DeFi) security startup Quantstamp found that various attacks on Web3 projects like smart contract hacks, key compromises and scams, resulted in total losses of $38.9 million in January 2024.

The top five smart contract protocols that suffered the highest losses include Radiant Capital, Gamma Strategies, Wise Lending, Socket and Goledo Finance. #Write2Earn #TrendingTopic #DeFiSecurityIncident