PANews reported on March 28 that according to The Block, data released by blockchain security company Immunefi showed that in the first quarter of 2024, the encryption industry lost $336 million due to hacking attacks and fraud. This loss was down from $437.5 million in the same period last year. Orbit Bridge and Munchables were the two projects with the biggest losses, accounting for 43% of the total, although Munchables' funds were later recovered. The report also pointed out that in the first quarter of this year, the number of attacks decreased by 17.6% compared with the same period last year, from 74 to 61.