According to a report by Immunefi, crypto projects lost $473 million in the first five months of 2024 as a result of 108 hacker attacks and rug pulls. Gala Games and SonneFinance were the biggest hacks of the outgoing month.

Compared to last year, there were 20% fewer hacks, analysts noted.

Security remains a top concern in the crypto space. It's crucial for projects to prioritize robust security measures to protect users and funds. Let's hope for even fewer incidents in the future to ensure the safety and trust within the community. 