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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Industry Recovers Only $13M Of $316M Lost To Security Incidents In August: SlowMist

Over $300 million was lost to crypto security incidents in August. (Credit: Bybit/flickr.com)

KEY POINTS

  • A single victim lost over $55 million worth of DAI tokens to a phishing attack
  • One of August's top incidents was the breach of the Ronin network
  • A Bitcoin whale lost $238 million to a 'suspicious transfer,' and has only recovered $205K

Security incidents were rampant in the cryptocurrency space last month, a new blockchain security report revealed, with losses estimated to have reached a staggering $316 million. Of the said losses, only $13.58 million was recovered.

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