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In 2024, cryptocurrency investors have faced significant losses amounting to $473 million due to hacks and rug pulls across 108 cases, according to a report by Immunefi. Despite the substantial losses, this figure represents a 20% decrease from the same period last year. Specifically, in May 2024, losses from fraud and hacks declined by 12% compared to May 2023, totaling $52 million, down from over $59 million.
🧵 Crypto losses from fraud and hacks declined 12% in May 2024 compared to the same month last year, according to a report from @immunefi. Total losses amounted to $52 million, down from over $59 million in May 2023. 👇 https://t.co/G09O64HXdI
🧵 #Crypto losses from fraud and hacks declined 12% in May 2024 compared to the same month last year, according to a report from @immunefi. 🙌 Total losses amounted to $52 million, down from over $59 million in May 2023. 👇 https://t.co/Pk6BlATuCU
Bad news: Investors have lost $473 million since the beginning of the year to hacks and frauds. Good news: That's a decrease of 20% from the same period last year, according to @Immunefi. Read more: https://t.co/Cg5yHXMDLe