Ethereum DeFi Projects Still Favorite Target for Hackers, But | DeFi, ICO and Invest News
Ethereum DeFi Projects Still Favorite Target for Hackers, But Stolen Funds Down 28% in May: Immunefi
Hackers were unsuccessful in exploiting any major centralized entity in May, while DeFi protocols witnessed a downtick in losses occurring from hacks and frauds, according to a report from bug bounty platform Immunefi. $52.4 million was stolen from DeFi investors in May due to hacks and frauds. This represents a 12% decrease in the amount lost from the same period in the prior year. Moreover, it is a sharp decline of 28% from April this year.
