July was brutal. $278.8M stolen across crypto—second worst month of 2024.
Breakdown:
• Hacks: $265.8M
• Flash loans: $9.8M
• Scams: $3M
Only $7.8M recovered. That's ~3%.
Security theater is over. If you're not auditing your protocols, managing keys properly, or diversifying custody—you're exit liquidity for hackers.
The space is maturing but attack vectors are evolving faster. Stay paranoid.
Breakdown:
• Hacks: $265.8M
• Flash loans: $9.8M
• Scams: $3M
Only $7.8M recovered. That's ~3%.
Security theater is over. If you're not auditing your protocols, managing keys properly, or diversifying custody—you're exit liquidity for hackers.
The space is maturing but attack vectors are evolving faster. Stay paranoid.