Hack Synopsis: July 2024 - The Alarming Numbers Behind Web3 Hacks 🔐💥

In just one month, over $275.76M in funds were lost due to hacks, scams, smart contract vulnerabilities, and rug pulls. It’s a stark reminder of the importance of robust security practices in the Web3 space. From WazirX to LiFi Protocol, the numbers speak for themselves.

🛑 Top 5 Hacks & Scams:
WazirX tops the list with a staggering $235M lost! 💸

🛑 Top 5 Smart Contract Vulnerabilities:
LiFi Protocol faced the highest losses with $11M due to smart contract weaknesses. 🚨

🛑 Top 3 Rug Pulls:
ETHTrustFund leads with $2M taken from unsuspecting users. 🕵️‍♂️

---

Fun Fact: Did you know that while over $275M was lost to various attacks, only $7.8M was recovered? This highlights the importance of being proactive with your security and staying vigilant.

Stay safe and protect your assets with robust security measures! 🔒✨

#Web3Security #CryptoSecurity #BlockchainHacks #SmartContracts #StayVigilant