The problem, known as 'Milk Sad,' came to light in late July thanks to the findings of cybersecurity company Distrust.
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The problem, known as 'Milk Sad,' came to light in late July thanks to the findings of cybersecurity company Distrust.
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.