The latest report from Immunefi, a Web3 vulnerability bounty and security platform, reveals that the cryptocurrency industry has suffered losses amounting to over $1.19 billion across 149 hacking and fraud incidents. In July alone, a vulnerability exploit with a value of $269.4 million occurred. Compared to the same period last year, the total loss for 2023 increased by 16.3%, with losses last year totaling $1.02 billion. This indicates that the security situation in the cryptocurrency industry remains serious, with frequent hacker attacks and fraud posing significant threats to investors and the ecosystem.