Blockchain Industry Suffers $13.67 Million in Security Incidents
CryptoNewsTerminal Staff13 Aug, 2024
Blockchain Industry Suffers $13.67 Million in Security Incidents
The blockchain industry has suffered a significant loss of $13.67 million in security incidents over the past week, according to a report by blockchain security firm SlowMist. Several notable incidents contributed to this loss, including the Ronin (RON) bridge hack, which resulted in a loss of approximately $12 million. The iVest DAO smart contract vulnerability attack led to a loss of approximately $172,000, while the Nexera smart contract vulnerability attack caused a loss of approximately $1.5 million. These incidents highlight the growing need for robust security measures in the blockchain industry.
