ImmuneFi report $10B in DeFi hacks and losses across 2021

ImmuneFi report $10B in DeFi hacks and losses across 2021


Decentralized finance, or DeFi, security platform and bug bounty service ImmuneFi published an official report on Thursday, which calculated the total volume of losses in the cryptocurrency markets in 2021. According to its report, the company found that losses resulting from hacks, scams and other malicious activities exceeded $10.2 billion dollars over the past year.

Responsible for protecting over $100 billion worth of assets for a number of well-established DeFi protocols, including Synthetix, Chainlink, SushiSwap and PancakeSwap, among others, ImmuneFi has regularly facilitated seven-figure pay-outs to whitehat hackers and other good-willed entities for preventing protocol compromises.

According to the report, across 2021, there were 120 instances of crypto exploits or fraudulent rug-pulls, the highest-valued hack being Poly Network at $613 million, followed by Venus and BitMart with

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