Immunefi: 40 hacking attacks caused $1.64bn in losses in Q1

March 27 - The crypto industry is nearing the end of one of the worst quarters for hacking in its history, with 40 incidents causing $1.64 billion in losses so far, according to a new report from Immunefi, Web3's vulnerability bounty and security services platform, The block reports. That's a 4.7-fold increase in losses compared to the first quarter of 2024, when hackers stole an estimated $348.3 million, although the number of attacks has dropped by 36 per cent from 63. Most of the losses came from CEX's record $1.46 billion in February.