According to a blog post from blockchain analysis firm Chainalysis that came out on Tuesday, cryptocurrency hacks caused losses of $1.9 billion in the first seven months of the year. This was caused by a rise in funds stolen from decentralized finance (DeFi) protocols.
Tax experts say that Australian, Canadian, and U.K. crypto investors may be able to claim hacked crypto as a tax loss, but U.S. investors won't be able to do so.
Magic Eden, an NFT marketplace, said that it 'seems to be a widespread SOL exploit at play' and asked Phantom wallet users to remove permissions for any suspicious links.
Due to a Luna Classic pricing oracle error, millions of dollars' worth of mAssets were stolen from Mirror Protocol.
It has been reported that an Ethereum wallet with more than 100,000 stolen cash has been blocked by US authorities.