Crypto projects lose $278 million to July hacks, second-highest in 2024

Oluwapelumi Adejumo

Crypto projects lost $278.8 million to exploits and hacks in July—the second-highest monthly loss this year—according to blockchain security firm CertiK. CertiK pointed out that the losses were primarily due to exit scams, flash loans, and other exploits. However, $7.8 million of these stolen assets were recovered, reducing the net loss to $270.9 million. The […]

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Crypto projects lose $278 million to July hacks, second-highest in 2024