Blockchain Security Firm: '$8.8 Million Lost in Crypto Security Incidents Last Week'
CryptoNewsTerminal Staff10 Jun, 2024
Blockchain Security Firm: '$8.8 Million Lost in Crypto Security Incidents Last Week'
Blockchain security firm SlowMist recently reported via X that "security incidents in the blockchain ecosystem last week (June 3-9) resulted in losses exceeding $8.8 million." Some of the most notable security incidents included the LoopRing smart wallet vulnerability exploit ($5 million lost) and the GemHolic rug pull ($3.4 million lost). As the cryptocurrency industry continues to grow, so does the need for robust security measures to protect users and their assets. SlowMist's report highlights the importance of staying vigilant and implementing best practices to prevent and mitigate security risks.
