ImmuneFi reports $10B in DeFi hacks and losses in 2021

© Reuters.

Decentralized finance (DeFi), security platform and bug bounty service ImmuneFi released an official report on Thursday that calculates total cryptocurrency market losses in 2021. According to its report, the company uncovered more than $10.2 billion in hacks, scams and other malicious activity last year.

ImmuneFi is responsible for securing over $100 billion worth of assets for many established DeFi protocols, including Synthetix, Chainlink, SushiSwap, and PancakeSwap, among others, and regularly provides white hat hackers and other well-intentioned entities with seven-figure payments to prevent protocol compromises.