Immunefi, an on-chain crowd-sourced security platform, in its Crypto losses of Q2 2024 revealed a loss of $572 million to hacks and rug pulls. This marks a 112% increase compared to the same period in 2023. The total losses now stand at over $920 million year-to-date, with May 2024 witnessing the highest monthly losses at $358 million. CeFi was the main target of successful exploits at 70%, compared to DeFi at 30% of the total losses in Q2.

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