The cybersecurity platform also reported that 374 threats were prevented through its bounty programs, up from 317 in June and 339 in May. The data points to a persistent gap between vulnerabilities discovered by security researchers and those found first by attackers. Immunefi estimated the average cost at $24.5 million when a critical weakness was exploited before security researchers identified it. The figures also help explain why bug bounty programs have become an important part of crypto security budgets. The broader lesson from July is that crypto security increasingly depends on layered defenses.