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Crypto industry lost $110 million to hacks in July, Immunefi reports
Cybersecurity platform Immunefi stated that confirmed bug reports increased by 18% during the month. The firm's analysis also indicated that its bug bounty competitions were more effective at identifying critical vulnerabilities than traditional tier-1 audits, finding an average of 6.2 serious bugs per engagement compared to 1.5 for tier-1 audits. Additionally, the cost of identifying a critical bug averaged $6,548 in a competition, significantly less than about $66,000 in a private tier-1 audit.
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Source：The Block · Source Link
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