Recently, the blockchain security platform Immunefi released a report showing that attacks on encryption and Web3 projects increased by 153% year-on-year in the third quarter of 2023, reaching 76 cases, with losses as high as US$686 million. Among them, the largest loss came from the Mixin hacker attack on September 25, which resulted in a loss of approximately US$200 million. Additionally, multi-chain hacks resulted in over $126 million in losses, and Lazarus Group depleted over $208 million worth of cryptocurrency through multiple attacks.
The report also noted that decentralized finance (DeFi) hacks accounted for 72.9% of total losses, while centralized services accounted for only 27.1% of exploit losses. The two networks most targeted by hackers and scammers are Ethereum and BNB Chain, accounting for 42.7% and 30.5% of losses respectively. Base and Optimism are the third and fourth most popular networks exploited by attackers.
Overall, monetary losses due to fraud decreased by 23.9% in the third quarter of 2023 compared to the third quarter of 2022. This data further confirms that the third quarter is the worst quarter of the year for crypto-related hacks and scams.
The report also noted that decentralized finance (DeFi) hacks accounted for 72.9% of total losses, while centralized services accounted for only 27.1% of exploit losses. The two networks most targeted by hackers and scammers are Ethereum and BNB Chain, accounting for 42.7% and 30.5% of losses respectively. Base and Optimism are the third and fourth most popular networks exploited by attackers.
Overall, monetary losses due to fraud decreased by 23.9% in the third quarter of 2023 compared to the third quarter of 2022. This data further confirms that the third quarter is the worst quarter of the year for crypto-related hacks and scams.