Jul 31, 2023

Data from blockchain security firm CertiK shows that crypto traders have lost $303 million worth of digital assets in exploits and hacker attacks this month, putting July on track to be the worst month this year in terms of stolen value.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at today's chart of the day. Crypto traders have lost $303 million worth of digital assets in exploits and hacker attacks this month. According to data from security audit firm CTE, this puts July on track to be the worst month this year in terms of stolen value. Major incidents in July include the $125 million multi chain exploit and the $60 million hack in total, around $285 million was lost to exploits while 8.7 million lost to flash loan attacks and exit scams cost investors $8.6 million. This comes as curve finance has been drained of $50 million. Still up to 100 million worth of Cryptocurrency is also at risk due to a reentry bug in Viper. A programming language. Parts of the curve ecosystem re entrancing is a common bug that allows Attackers to trick a smart contract by making repeated calls to a protocol. In order to steal assets, curve finances, token is currently trading around 62 cents down about 10% on the day. That's it for today's chart of the day. I'm Jen Senai. We'll see you next time to unpack more of the data behind top news stories.

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