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ImmuneFi report $10B in DeFi hacks and losses across 2021 -Breaking

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© Reuters.

The official report by ImmuneFi on Thursday was published. It outlines the amount of cryptocurrency market losses for the year 2021. Its annual report found that hackers, scams, and other malicious activity accounted for $10.2 trillion in lost revenue over the past year.

ImmuneFi was responsible for protecting assets worth over $100B for several well-known DeFi protocols such as Synthetix. Chainlink. SushiSwap. PancakeSwap. Among others. ImmuneFi regularly facilitates seven-figure payouts to whitehat hackers and other charitable entities in order to prevent protocol compromises.