Crypto hacking losses decline in Q1 2024 — Immunefi

The cryptocurrency industry saw a 23% decline in losses due to hacking and scams in the first quarter of 2024 compared to 2023, according to a March 28 research report by blockchain security firm Immunefi.

According to the report, the total amount lost to hacking and fraud incidents in Q1 of 2024 amounted to approximately $336.3 million, down from $437.5 million in the same quarter of 2023.

The report identifies 46 hacking incidents and 15 cases of fraudulent activities.

With nearly $100 billion of total value locked in Web3 protocols, decentralized finance (DeFi) platforms remain a significant target for hackers, accounting for all of the exploits identified by Immunefi in Q1, compared to zero for centralized finance platforms. #Binance #BTC #NFPrompt #Ethereum #Write2Earn

link:https://cointelegraph.com/news/crypto-hacking-incidents-decline-in-q1-2024-immunefi