Cryptocurrency hackers have stolen over $1.2 billion in 2024, a 15.5% increase compared to the same period in 2023. The crypto industry saw a total of $1.21 billion worth of digital assets lost to hacks and rug pulls year-to-date in 2024 across 154 individual exploits.

In more positive news, bankrupt crypto lender Celsius has finally made two-thirds of its customers whole after repaying $2.53 billion to 251,000 creditors. Celsius owes a total of $3 billion to over 375,000 creditors.

Welcome to Finance Redefined, a newsletter covering the most significant developments in decentralized finance (DeFi). This week's edition brings both troubling news of crypto hacks reaching record levels, as well as positive updates on Celsius' efforts to repay its creditors.

Source: https://cointelegraph.com/news/crypto-hacks-surpass-1-2-billion-finance-redefined

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