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Crypto Hack Losses Exceed On-Chain Revenue for First Time Since 2020
(3 hours ago) · 1 source · Summarized by CryptoBipto
According to a report, total losses from cryptocurrency hacks have surpassed on-chain revenue for the first time since 2020. This milestone suggests that the amount stolen through exploits and breaches has outpaced the fees and revenue generated by blockchain networks during the same period.
WHY IT MATTERS
Think of on-chain revenue like the total toll fees collected on a highway system — it represents the money that blockchain networks earn from people using them.
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SOURCES
- beincrypto.com
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