Ripple teams up with Immunefi to host a global “Attackathon” focused on securing the upcoming XRPL Lending Protocol. The $200K bug bounty aims to strengthen Ripple’s institutional DeFi infrastructure before its validator vote later this year.
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During Q3 2023, the industry experienced a sharp increase in attacks, with a 153% surge in single incidents compared to the same period last year, soaring from 30 to 76.
The crypto industry lost $3.9 billion in 2022 due to hacks, frauds, scams, and rug pulls, according to the report ‘Crypto Losses in 2022’ by Immunefi.…