@kevinxy
In July alone, over $12.4 million was stolen due to various exploits and vulnerabilities in the Web3 space. Here’s a breakdown of the major incidents:
1. LIFI - On July 16, users of the https://LI.FI protocol fell victim to a $9.7 million hack due to an exploit in the router contract.
2. Minterest Finance - A reentrancy attack and price manipulation on July 15 led to a $1.5 million loss for Minterest Finance.
3. Dough Finance - They suffered a $1.2 million loss on July 12 because of improper input validation in their smart contracts.
These incidents underscore the critical need for high-quality smart contract audit services. Ensuring robust security measures can significantly mitigate the risk of such devastating exploits. Let's prioritize security to build a safer Web3 ecosystem!
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