According to blockchain security firm Immunefi, the digital asset industry recorded its lowest monthly losses of the year in August, with losses from hacking and fraud amounting to just $15.10 million. This development shows a significant 38% drop in losses compared to August 2023, when losses were around $24.60 million, and a staggering 94.5% drop compared to July 2024. The report said the hacks were all in DeFi, but most of the losses stemmed from a high-profile incident, the Ronin Bridge bug, which cost $12 million. However, the funds were later returned because the "attack" was orchestrated by white hat hackers.