DMM Bitcoin and BtcTurk, were the top two exploits, accounting for $305 million and $55 million in losses, respectively.
The crypto industry clocked up $572.7 million in losses due to hacks and scams during the second quarter of this year across 72 incidents so far, according to the latest report from web3 bug bounty and security services platform Immunefi.
With nearly $100 billion of total value locked in web3 protocols, according to DeFiLlama data, decentralized finance remains a primary target for hackers, accounting for 100% of the exploits identified by Immunefi in Q1. However, in Q2, centralized finance became the main target, accounting for 70% of losses in the quarter compared to 30% for DeFi.
May witnessed the highest monthly losses in Q2 overall at $358.5 million. In total, $28.7 million of the stolen funds in Q2 were recovered from four of the exploits: Bloom, ALEX Lab, Gala Games and YOLO Games. Ethereum and BNB Chain were again the most targeted networks, as they were in Q1. Ethereum suffered the most individual attacks with 34 incidents, representing 46.6% of the losses on chains, followed by BNB Chain with 18 incidents, representing 24.7%. Arbitrum, Blast, Optimism, Solana, Polygon, Fantom, Linea, Mantle and TON made up the remainder of the incidents.
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