Decentralized finance security platform ImmuneFi has reported that the DeFi ecosystem experienced a loss of $10,210,188,549 in 2021.

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According to the report, in 2021, there was a total of 120 instances of crypto exploits or fraudulent rug-pulls, the most significant being Poly Network at $613 million, followed by Venus and BitMart with $200 million and $150 million.

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In 2021 the cryptocurrency space surged in growth, so it’s no surprise that the frequency and volume of hacks did too. In 2020, hackers stole $4.38 billion in 123 attacks, resulting in a 137% year-over-year increase.

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Immunefi is currently the world’s leading bug bounty that focuses on protecting blockchain projects. It enables whitehat hackers to review code, disclose vulnerabilities, and get paid to do so, allowing projects to stay secure from any attacks.⠀

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