August Marks a New Low for Crypto Hacks, But YTD Losses Exceed $1.2B

So far, the cryptocurrency market seems to be in a mess, with over $1.2 billion stolen by hackers in 2024 alone, according to data by Immunefi. The alarming figure, detailed in the “Crypto Losses: August 2024 Analysis,” underscores the persistent vulnerability of the crypto ecosystem, raising further concerns about the viability of widespread adoption…