Crypto Saw Lowest Monthly Losses to Hacks in August YTD: Immunefi

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day crypto losses in August tapered off when compared to the rest of the year. According to immun five, there was a total loss of $15 million due to hacks last month, marking the lowest monthly losses year to date in total, there was a loss of more than $1.2 billion to hacks and frauds this year representing a 16% increase when compared to the same period last year, those losses were primarily driven by over 358 million dollars lost in May and 274 million lost in July lost in July. When we look closer at August, we see that the Roan network hack which resulted in $12 million lost was the largest hack by a landslide. Narra and vow came in 2nd and 3rd with hacks that resulted in losses of under $2 million each. That's it for today's chart of the day. I'm Jen San Asi. We will see you next time to unpack more of the data behind top news stories.