Crypto hackers surpass $1.2 billion stolen in 2024: Immunefi

Crypto hackers have stolen over 15.5% more in 2024 so far compared to the same period last year.

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Nearly 80% of hacked cryptocurrencies never recover in price Immunefi

Crypto protocols usually sustain real damage after the exploit occurs, but some tokens are more resilient.

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Ethereum (ETH) Partners with Immunefi for Protocol Security Attackathon

Ethereum and Immunefi launch a four-week Attackathon to enhance protocol security through a large-scale crowdsourced audit competition. (Read More)

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Iggy Azaleas anti-scam plan and crypto losses from hacks decline by 12%: Finance Redefined

In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins.

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Crypto losses from fraud and hacks declined 12% in May Immunefi

The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year.

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Immunefi says it has facilitated $66M in bug bounty payouts to whitehats since inception

The average bug bounty payout over 1,248 confirmed reports was $52,800.

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ImmuneFi Launches Whitehat Leaderboard to Incentivize Web3 Hackers

Bug bounty platform ImmuneFi now has a Leaderboard to rank the tip whitehats in Web3 (Read More)

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ApeCoin DAO Signs Off on a $4.4M Bug Bounty

ApeCoin DAO has agreed to launch a $4.4M bug bounty on ImmuneFi (Read More)

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Wormhole DeFi Bridge Rewards $10m Bug Bounty

WormHole, a DeFi-based bridge protocol has paid out $10 million in Whitehat bounty for discovering cybersecurity loophole in its protocol, preventing the potential breach from hackers. (Read More)

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Kadena (KDA) Exhibits Bullish Run As Community Wakes For Immunefi Bounty

As every crypto user knows the current state of the crypto industry, there isn’t a need for an explanation regarding

The post has appeared first on thenewscrypto.com

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Immunefi raises $5.5M to expand its blockchain & crypto focused bug bounty platform

Immunefi, a bug bounty and security services platform for DeFi protecting over $50 billion in users’ funds, today announced it has raised $5.5 million in funding. Its investors include Blueprint Forest, Electric Capital, Framework Ventures, Bitscale Capital, P2P Capital, IDEO Colab, The LAO, BR Capital, 3rd Prime Ventures, North Island Ventures, and other individual investors. […]

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Immunefi to bolster DeFi security service with new funds

The platform has paid out more than $7.5 million in bug bounties since inception in December 2020.

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Whitehat Hacker Receives the Largest Bounty for Identifying Exploits in Polygon's Codes

A Whitehat hacker, Gerhard Wagner, has received the largest bug bounty in history after he discovered a vulnerability in Polygon’s plasma bridge. (Read More)

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White hat hacker paid DeFi’s largest reported bounty fee

Cointelegraph spoke to the hacker for insights on the timeline of events, as well as the wider implications of bounty programs on DeFi’s security landscape.

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Polygon launches $2M bug bounty on Immunefi to boost smart contract and dApp security

Polygon, an Ethereum scaling platform, today announced the launch of a $2,000,000 bug bounty program to root out and eliminate potential security flaws in its already audited network. The bounty program is now live on the DeFi-focused bug bounty platform, Immunefi. The bounty program is an open invitation to security researchers to uncover and report […]

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Crypto hackers steal $71M in November, bringing yearly total to $1.48B

Cryptocurrency hackers continue damaging the industrys reputation as the yearly value stolen through cyberattacks nears $1.5 billion.

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Immunefi Report Reveals BNB Chain As Top Target For Rug Pulls In Q1 2023

The BNB Chain has become the top target for rug pulls and exploits in the first quarter of 2023, according to a recent report from Immunefi, a blockchain security firm.  The report stated that over 73.3% of such scams across the entire crypto ecosystem occurred on the BNB Chain during this period. Ethereum also suffered […]

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BNB Chain Dominates Q1 2023 Rug Pull Scams

According to a report by blockchain security firm Immunefi, BNB Chain saw 73.3% of all rug pull scams in the crypto ecosystem during Q1 2023. The report also revealed that BNB Chain and Ethereum were the two largest targets for hackers and scammers, with 68.8% of total losses from these networks combined. (Read More)

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