Crypto Users Lost $126M Due to Hacks and Fraud in January: Immunefi Data

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. Immun Fi is out with a new report that unpacks crypto losses in January 2024. The bug bounty and security services platform reviewed instances where hackers exploited web three projects and found that there was a total loss of 100 and $26 million in the first month of the year. This represents a six time increase from January 2023 and an almost three time increase from December of last year. So what projects saw major losses, Orbit Bridge lost over $81 million at the start of the year followed by gaming which lost 15 million and coins paid with $7.5 million lost when compared with scams came out on top as the predominant cause of loss with over 100 and $22 million lost due to hacks and about $4 million lost due to fraud. The Ethereum Blockchain was the most targeted chain according to the data presented by immun five. That's a wrap for today's chart of the day. I'm Jen Sasi. We will see you next time to unpack more of the data behind top news stories.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. Immun Fi is out with a new report that unpacks crypto losses in January 2024. The bug bounty and security services platform reviewed instances where hackers exploited web three projects and found that there was a total loss of 100 and $26 million in the first month of the year. This represents a six time increase from January 2023 and an almost three time increase from December of last year. So what projects saw major losses, Orbit Bridge lost over $81 million at the start of the year followed by gaming which lost 15 million and coins paid with $7.5 million lost when compared with scams came out on top as the predominant cause of loss with over 100 and $22 million lost due to hacks and about $4 million lost due to fraud. The Ethereum Blockchain was the most targeted chain according to the data presented by immun five. That's a wrap for today's chart of the day. I'm Jen Sasi. We will see you next time to unpack more of the data behind top news stories.