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Crypto Hacks Jump 67% in August as DeFi Vulnerabilities Threaten Sentiment

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The Story

News Summary

  • PeckShield reported 50 major crypto hacks in August causing $136.3 million in losses, marking a 67% increase in incident frequency despite a 49.5% drop in stolen funds.
  • TectonicFi accounted for the largest exploit at $74 million amid widespread vulnerabilities across decentralized finance.
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