Crypto Lost $333M to Hacks in Q1 of 2024: Immunefi

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day today. We're talking all about crypto losses in Q one. According to immun 52 major exploits account for over 40% of all losses this year. Orbit Bridge and munch balls totaled 100 and 44 million $480,000 worth of funds lost out of a total of $348 million lost over the quarter hacks continue to be the predominant cause of losses compared to fraud and analysis shows that fraud only accounts for 4.2% of total losses in the first quarter of 2024. The report says that the two most targeted chains were Ethereum and B and B chain with Ethereum suffering the most individual attacks representing over half of the total losses across targeted chains. However, more than $73 million worth of stolen funds have been recovered. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.