Substantial losses in the crypto and decentralized finance (DeFi) sectors YTD amounting to USD 1.19billion.

The report comes via Finance Magnates: citing a report from blockchain security firm CertiK:

  • phishing attacks emerged as the most damaging vector, accounting for $497.7 million in losses across 150 incidents. "Q2 2024 experienced the highest losses since Q3 of the previous year, despite a relatively quiet quarter in which the markets mostly consolidated the gains from Q1,"

More at the link, above.

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