Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report
Summary
Immunefi's "Crypto Losses in Q2 2024 report" revealed a $572 million loss to hacks and rug pulls, a 112% increase from 2023. REDACTED raised $10 million for its entertainment datasphere, while Rebar Labs secured $2.9 million to address MEV challenges in Bitcoin. SSV Network revised its incentivized mainnet program, and Cobo launched Cobo Portal for businesses. DFINITY Foundation announced UTOPIA for cybersecurity, and Wanchain launched a token bridge between Polkadot and Cardano.
