Crypto losses from fraud and hacks declined 12% in May — Immunefi
The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year. Go to Source
Sonne Finance
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Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne Finance suspended its Optimism Market and assured that … Read more
