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Crypto Lost $333M to Hacks in Q1 of 2024: Immunefi

According to data tracked by Immunefi, the crypto industry saw a total loss of $348M over the first quarter of 2024. Orbit Bridge and Munchables are the two projects that suffered the most from the exploits, totaling $144 million in funds lost. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

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HSBC Brings Tokenized Gold to Hong Kong; Munchables Exploited for $62M

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as HSBC brings its tokenized gold product to Hong Kong, claiming bragging rights for being the first bank to create a blockchain-based real-world asset aimed at retail investors. Plus, Fetch.ai, SingularityNET, and Ocean Protocol agreed to combine their crypto tokens into one, and Web3 project Munchables was drained of an estimated $62.5 million worth of ether.

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