According to a report by blockchain security platform Immunefi, attacks on crypto and Web3 projects surged 153% year-on-year in the third quarter of 2023 (July to September) to 76, with losses of nearly $686 million. Among them, the Mixin hack on September 25 caused the largest loss, about $200 million. In addition, the Lazarus Group also drained more than $208 million worth of cryptocurrency through multiple attacks, including hacks on centralized services such as CoinEx, Alphapo, Stake, and Coinspaid.
The report also pointed out that the monetary losses caused by scams in the third quarter decreased by 23.9% compared with the same period in 2022. Decentralized finance (DeFi) hacking accounted for 72.9% of the total losses, while centralized services accounted for only 27.1% of the losses from exploits. The two networks most targeted by hackers and scammers are Ethereum and BNB Chain, accounting for 42.7% and 30.5% of the losses, respectively.
The report further confirms that the third quarter is the worst quarter of the year for crypto-related hacks and scams. Certik came to a similar conclusion in a report on October 2. Let us remain vigilant and work together to protect the security of Bitcoin! 💪
The report also pointed out that the monetary losses caused by scams in the third quarter decreased by 23.9% compared with the same period in 2022. Decentralized finance (DeFi) hacking accounted for 72.9% of the total losses, while centralized services accounted for only 27.1% of the losses from exploits. The two networks most targeted by hackers and scammers are Ethereum and BNB Chain, accounting for 42.7% and 30.5% of the losses, respectively.
The report further confirms that the third quarter is the worst quarter of the year for crypto-related hacks and scams. Certik came to a similar conclusion in a report on October 2. Let us remain vigilant and work together to protect the security of Bitcoin! 💪