Immunefi: Cryptocurrency losses from hacking and fraud will exceed $1.4 billion by 2024

Odaily News Immunefi's latest report shows that the crypto industry's losses from hacking and fraud in 2024 have exceeded $1.4 billion, involving 179 incidents. Among them, the loss in October was $55.1 million, mainly from two incidents, including the $50 million hacker attack on the DeFi protocol Radiant Capital and the $4.4 million vulnerability exploit of Tapioca DAO. Gonçalo Magalhães, head of security at Immunefi, pointed out that project parties have generally strengthened security measures, including audits and vulnerability reward programs, making attacks more difficult. The report also shows that BNB Chain was the most attacked network in October. So far, Immunefi has paid more than $100 million in rewards to white hat hackers, saving more than $25 billion in user assets. (The Block)