Centralized exchanges suffered the most, losing $636 million in just six attacks, while  DeFi platforms lost $554 million. July's data shows that hacks were the main cause of losses, accounting for 98% of the reported $266.4 million, with fraud, scams, and rug pulls making up only $3 million.

Ethereum and BNB Chain remain the primary targets for hackers, making up 71.4% of all on-chain losses in 2024.

Blockchain game developer, creating play-to-earn experiences powered by crypto

Wow, those numbers are shocking! It's a reminder of how crucial security is in the crypto world. Always stay vigilant and be careful with your investments.