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Crypto Hacks Cost $110M in July; Bounties Blocked 374
Immunefi said crypto hacks cost $110M in July even as bug bounties blocked 374 threats. Audit competitions found 6.2 serious bugs per engagement vs 1.5 in private audits.
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Crypto losses from hacks reached roughly $110 million in July, Immunefi said. Bug bounty programs blocked 374 threats during the month, up from 317 in June and 339 in May.
Researchers received $2.32 million for valid findings, according to the cybersecurity platform. Confirmed and paid bounty reports increased 18%.
Immunefi said the July figures show a persistent gap between vulnerabilities discovered by researchers and those exploited first by attackers. While bounty programs can reduce losses by rewarding responsible disclosure, the $110 million stolen during the month makes clear that exploitable flaws remain a major cost for crypto protocols and their users.
Audit competitions found an average of 6.2 serious bugs per engagement. Private tier-1 audits found 1.5 per engagement, Immunefi said.