Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report
The post Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report appeared on BitcoinEthereumNews.com.
June 27: Immunefi, an on-chain crowd-sourced security platform, released its “Crypto Losses in Q2 2024 report,” showing a loss of $572 million to hacks and rug pulls in Q2 2024, a 112% increase compared to the same period in 2023. According to the team: “This brings the total losses to over $920 million year-to-date, with May 2024 witnessing the highest monthly losses at $358 million. CeFi was the main target of successful exploits at 70%, compared to DeFi at 30% of the total losses in Q2.” Tezos, Smart-Contract Blockchain of ICO Fame, Reveals ‘X’ Roadmap Featuring ‘Canonical Rollup’ June 27: Developer teams behind the Tezos blockchain unveiled “Tezos X,” a set of technological upgrades they say could bring a “huge boost in performance, composability and interoperability.” The roadmap, setting out a development plan for the next two years, calls for splitting off transaction execution into a separate “canonical rollup” that would support “atomic transactions across smart contracts written in different programming languages.” The main Tezos blockchain would serve as a base layer for consensus and settlement. (XTZ) REDACTED, Building Web3 ‘Entertainment Datasphere,’ Raises $10M June 27: REDACTED, building an ecosystem of products to form an “entertainment datasphere,” has raised $10 million in funding, co-led by Spartan Group with Saison Capital, Animoca Brands, Polygon Ventures Web3 founders, VCs, angel investors and whales like Dingaling and Grail, according to the team: “REDACTED’s data protocol enhances entertainment and gamification products, offering better, more targeted experiences.” SCrypt, Web3 Development Platform, Launches Tool Kit for UTXO Blockchains June 27: SCrypt, a full-stack Web3/blockchain development platform, has announced the launch of a developer tool kit designed for Unspent Transaction Output (UTXO) blockchains. According to the team: “UTXO is the method the Bitcoin protocol uses to track balances as they move between digital wallets. The UTXO model…
Filed under: News - @ June 28, 2024 11:14 am