Hackers’ Day | July 23: $35.5M Lost. A Reminder That Security Is a Shared Responsibility

On July 24, three major DeFi protocols lost a combined $35.5 million within just six hours, highlighting the growing importance of crypto infrastructure security. This report reviews what happened, what these incidents reveal about today's security landscape, and why building resilient protection systems has become a shared responsibility across the entire crypto industry.

TL;DR

• July 23 became "Hackers' Day" after three major security incidents resulted in approximately $35.5 million in losses within six hours.
• The attacks targeted cross-chain bridges and supporting infrastructure, rather than the underlying blockchains themselves.
• The incidents highlight why security today extends far beyond smart contracts, requiring stronger infrastructure, operational resilience and transparency across the industry.
• Every crypto platform has a role to play in strengthening user protection through continuous investment in security.
• At WEEX, that commitment includes a 1,000 BTC Protection Fund, 1:1 Proof of Reserves, enterprise-grade infrastructure and eight years of secure operations.
• Security is not defined by how platforms respond after attacks. It is built long before attacks happen.

A Wake-Up Call for the Entire Crypto Industry

On July 23, three separate security incidents resulted in approximately $35.5 million in losses within just six hours.

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