In a notable shift, June witnessed a significant reduction in cryptocurrency losses due to hacks, down by 54.2% from the previous month, according to the latest data from PeckShield.
This downturn in cyber theft indicates an evolving space in the crypto security domain, even as the industry grapples with ongoing challenges.
June’s Major Incidents and Broader Implications
The data from PeckShield, a renowned crypto analytics firm, detailed that June saw about 20 hacking incidents, which resulted in nearly $176 million in losses. This marks a substantial decrease from May’s substantial losses of $385 million.
Among the notable breaches, the BtcTurk crypto exchange suffered the largest single exploit, losing over $100 million in assets. This was followed by the centralized exchange Lykke, which faced a $22 million setback, and the decentralized finance (DeFi) lending protocol UwU Lend, which lost $19.4 million.
#PeckShieldAlert June 2024 witnessed 20+ hacks in the crypto
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