Crypto Hacks Cost Roughly $110M in July
Rising bug-bounty activity has not eliminated exploit risk, while Immunefi says its audit competitions found more serious bugs per engagement than tier-1 audits.
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Rising bug-bounty activity has not eliminated exploit risk, while Immunefi says its audit competitions found more serious bugs per engagement than tier-1 audits.
Across 425 studied hacks from 2021 to 2025, 54.6% of value lost in the 2024-2025 window traced back to centralized exchange compromises, with audits proving necessary but no longer sufficient.
Immunefi logged 207 incidents, the highest count on record, yet total losses fell to $972M as DeFi exploit damage continued its multi-year reset from the $2.62B 2022 high.
Blockchain security platform Immunefi reports that DeFi exploit losses have fallen 74% from their 2022 peak, marking…
The consolidation leaves Immunefi as the dominant venue for crowdsourced crypto security audits — a market structure that matters for every protocol paying for pre-deployment review.