In July, DeFi sector saw a staggering $389.8 million in losses due to targeted attacks on platforms.
Notably, this figure surpasses the previous peak in March by $73 million, making July 2023 the year_s hardest-hit month.
The cumulative losses for this year have now surpassed $964 million.
Interestingly, last year_s landscape was different, with Chainalysis reporting July 2022 as the month with the least DeFi attack losses at $34.3 million.
This year, however, marks a sharp contrast, highlighting the evolving nature of the crypto eco_. Vigilance and innovative security measures remain crucial as the DeFi industry continues to evolve. 🛡️📊
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🔒 July Records $389.8M Losses 💔
In July, DeFi sector saw a staggering $389.8 million in losses due to targeted attacks on platforms.
Notably, this figure surpasses the previous peak in March by $73 million, making July 2023 the year_s hardest-hit month.
The cumulative losses for this year have now surpassed $964 million.
Interestingly, last year_s landscape was different, with Chainalysis reporting July 2022 as the month with the least DeFi attack losses at $34.3 million.
This year, however, marks a sharp contrast, highlighting the evolving nature of the crypto eco_. Vigilance and innovative security measures remain crucial as the DeFi industry continues to evolve. 🛡️📊