TechFlow reports, according to blockchain security firm Immunefi, the crypto industry lost $336.3 million in the first quarter, primarily due to DeFi hacks. The Immunefi report states that 46 hacking incidents accounted for 95.6% of total losses, with the remaining 4.4% resulting from 15 fraud cases. Ethereum and BNB Chain were the most targeted networks, accounting for 73% of total losses. Immunefi emphasized the importance of securing code and protocol infrastructure.
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