Immunefi: Crypto Industry Lost $110M to Hacks in July

Immunefi's latest data shows the crypto industry lost roughly $110 million to hacks in July. During the same period, the platform paid out $2.32 million in bug bounties, with confirmed paid reports rising 18% month over month. Its audit contests averaged 6.2 critical vulnerabilities per contest, versus 1.5 for level-one audits, and blocked 374 threats in July.