Crypto Investors Lost $310 Million in August 2024: Report
The post Crypto Investors Lost $310 Million in August 2024: Report appeared first on Coinpedia Fintech News
The cryptocurrency market took a massive hit in August 2024, losing over $310.94 million to a series of devastating hacks, scams, and exploits, according to the data shared by the on-chain security firm CertiK Alert. This substantial crypto loss in a single month was the second-largest loss so far in 2024, while the biggest $324.7 million crypto theft was noted in May 2024.
Crypto Market Lost $300 Million This MonthOut of this notable loss, the crypto market has recovered only a modest $10.3 million of crypto assets. CertiK Alert noted that due to exploitation, the market saw $308.8 million in crypto theft, while losses from exit scams and flash loans were recorded around at around $0.8 million and $1.2 million, respectively.
