Crypto Losses Exceed $90 Million Last Week Due to Hacks and Manipulation

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As of last week, the crypto industry saw losses that surpassed 90 million$. As a result of hacker attacks, Prisma Finance experienced a remarkable loss of about 11.6 million$. Due to manipulations, Munchables saw losses of about 62.8 millon$.

As a result of flash loan manipulations, ZongZifa experienced losses of around 229k$. Due to attacks on contract logic, RWA infrastructure saw massive losses of about 16 million$.

All these losses go on to indicate the struggles that the crypto sector still faces, when it comes to asset securities. In order to reduce losses, investors in the crypto space need to focus a lot more on security.

Investors and businesses need to be constantly on the guard against manipulations and attacks - which may lead to potential losses; even as the crypto industry, and crypto assets continue to become more popular.