Crypto Hacks and Frauds Surge to $509M Q2, Immunefi Reports
#Web3 bug bounty platform Immunefi has revealed that the cryptocurrency industry lost an estimated $509 million to hacks and fraud in the second quarter of 2024, marking a staggering 91% increase from the same period last year. May 2024 alone saw the highest monthly losses recorded, amounting to $107 million. June, however, experienced a slight reprieve with losses dropping to $78 million across 12 incidents, a 27% decrease from the $107 million lost in June 2023. Centralized crypto institutions were the prime targets, accounting for two-thirds of successful attacks, according to the Immunefi report. The findings also highlighted that Ethereum was the most exploited blockchain during the quarter, followed by the BNB chain and Arbitrum, representing 44.4%, 25%, and 5.6% of the total losses, respectively. Jonah Michaels, Communications Lead at Immunefi, noted that Ethereum’s prominence as the main hub for DeFi activity, coupled with the vast amount of funds locked within its ecosystem, makes it a prime target for hackers. He explained that hackers exploit numerous protocols on Ethereum for significant gains, and its connection to major privacy-focused chains and technologies facilitates the quick laundering of stolen funds. The most significant loss this quarter was suffered by Japanese centralized exchange DMM Bitcoin, which fell victim to hackers and lost an astonishing $305 million. In response, DMM Bitcoin has instituted measures to reimburse affected customers. Other notable targets included BtcTurk, Hedgey, Lykke, Gala Games, and SonneFinance, which collectively faced losses totaling $164.2 million.#CryptoTradingGuide #ETH_ETFs_Approval_Predictions #Megadrop #LayerZero
People are asking why we should purchase the $FIRO Let me share a few reasons to buy this coins
$1. Impressively, Firo received the 2020 FAT Blockchain Award for being the most popular blockchain project within the community. Besides this, the project has also launched the Firo Watch app for Android WearOS to monitor the price. 2. $FIRO coin can be mined using a home computer or mining pool. Its block processing time is approximately five minutes, with 12.5 coins per block awarded. Furthermore, Firo follows the Bitcoin halving schedule. Hence, its supply decreases to half approximately in every 4 years. In addition, last year, the Firo team decreased its supply to half. As a result of the first halving event, the total block rewards dropped from 25 FIRO per block to 12.5 FIRO per block. 3. $FIRO is integrating with renVM to allow trustless bridging of Firo into Ethereum, which allows users to enter and exit the DeFi ecosystem trustlessly and without KYC. Furthermore, the team is also working on a mobile wallet that will have full Lelantus transaction support. This SDK innovation will permit third-party wallets to support Lelantus. 4. Recently, the team also activated ChainLocks on Firo to safeguard its ecosystem against any kind of attack. With this advancement, attackers would need nearly 50% of all masternodes to be taken over to disable ChainLocks. Additionally, an attacker would also need to obtain vital amounts of Firo to attack. #CryptoTradingGuide #BinanceTournament #Megadrop $FIRO
Stability AI 獲得 Sean Parker 領投的 1 億美元融資 據Odaily報道,人工智能領軍企業Stability AI獲得超1億美元融資,本輪融資由Sean Parker領導的投資集團領投,但具體投資金額尚未披露。 除了融資消息外,Stability AI 還宣佈了領導層變動。視覺效果公司 Weta Digital 前首席執行官 Prem Akkaraju 將接任這一職位。此次領導層變動預計將爲公司運營帶來新的視角和策略。