Data: Crypto industry lost $336 million due to hacks and scams in Q1 this year

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PANews
03-28
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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 noted that in the first quarter of this year, the number of attacks decreased by 17.6% compared to the same period last year, from 74 to 61.

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