Cryptocurrency losses fall to record low of $15 million in August

According to blockchain security firm Immunefi, the digital asset industry recorded its lowest monthly losses of the year in August, with losses from hacking and fraud amounting to just $15.10 million. This development shows a significant 38% drop in losses compared to August 2023, when losses were around $24.60 million, and a staggering 94.5% drop compared to July 2024.
The report said the hacks were all in DeFi, but most of the losses stemmed from a high-profile incident, the Ronin Bridge bug, which cost $12 million. However, the funds were later returned because the "attack" was orchestrated by white hat hackers.