News Formal

Crypto market loses $486M in July, most since 2022: Report

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

July’s crypto losses more than doubled 2023’s previous high of $217 million in March.

The cryptocurrency market is having its worst month of 2023, according to a report from Web3 outlet De.Fi shared with Cointelegraph.Source: Document shared with Cointelegraph, via De.Fia flurry of legistlative activityWith a current reported recovery total of only $6.15 million, nearly 99% of all cryptocurrency and digital assets stolen in the month of July remain unrecovered.

“Regrettably, the recovery efforts in July 2023 were woefully inadequate, with only $6,796,915 recouped from the vast $486.35 million lost.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The report comes on the heels of several high-profile hacks and exploits in the month of July and a flurry of legislative activity surrounding the nature of cryptocurrency and digital assets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Mover Americas: Curve Finance Exploit Puts More Than $100M of Crypto at RiskCurve Finance suffered an exploit over the weekend and Optimism’s OP token surges on the back of Optimism-based chain Base seeing an increase in trading activity related to memecoins. LedesmaLyllah and godbole17 report in First Mover Americas
Source: CoinDesk - 🏆 291. / 63 Read more »