Crypto Hack Losses Mount in 2024 as Immunefi Reports $473M Stolen
- Security
- DeFi
By May 3, 2024, Immunefi reported that over $473 million had been lost to crypto hacks and rug pulls in the year so far, painting a grim picture of security in the space. The figure captured CT's attention as a stark reminder of DeFi's persistent vulnerabilities, with exploits hitting protocols left and right. Threads exploded with frustration over unaudited code and shady devs, while some joked it was just another day in the Wild West. The report didn't specify a single May 3 incident but underscored the ongoing bloodbath.