Crypto Catastrophe: Nearly $600 Million Vanishes in Q2 Hacks and Scams

The cryptocurrency space faced a turbulent second quarter, with roughly $572.68 million lost to hacks and scams, marking a significant increase from previous periods. This loss surge represents a 70.3% rise from the first quarter and an alarming 112% increase year-over-year, illustrating a growing trend in digital asset vulnerability. Related Reading: Crypto Queen Wanted: US

Source: Bitcoinist