Cryptocurrency

Crypto Losses Jumped Nearly 60 Percent in the First 7 Months of the Year: Chainalysis

Crypto Losses Jumped Nearly 60 Percent in the First 7 Months of the Year: Chainalysis

Losses arising from cryptocurrency hacks jumped nearly 60 percent in the first seven months of the year to $1.9 billion (roughly Rs. 15,070 crore), propelled by a surge in funds stolen from decentralised finance (DeFi) protocols, according to a blog post from blockchain analysis firm Chainalysis released on Tuesday. The firm noted that the trend is not likely to rever…

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