Cryptocurrencies suffered 153% year-over-year increase in hacks and scams in Q3: Immunefi

深链DCNews · 2023-10-04T02:23:07.000Z

According to a report by blockchain security platform Immunefi, attacks on crypto and Web3 projects increased by 153% between July and September 2023 compared to the same period in 2022. In the third quarter of 2022, there were 30 attacks. But in the third quarter of 2023, that number swelled to 76. It lost nearly $686 million in the most recent quarter. The biggest loss came from the Mixin hack on September 25, which cost around $200 million. The multi-chain hack was the second most serious attack of the quarter, resulting in over $126 million in losses that have yet to be recovered. In addition to these incidents, Lazarus Group has depleted over $208 million worth of cryptocurrency through multiple attacks, including hacks of centralized services CoinEx, Alphapo, Stake, and Coinspaid. The report claims that the Lazarus Group was responsible for 30% of all stolen cryptocurrencies in the third quarter.

According to a report from blockchain security platform Immunefi, attacks on crypto and Web3 projects increased by 153% from July to September 2023 compared to the same period in 2022. In the third quarter of 2022, there were 30 attacks. But in the third quarter of 2023, that number swelled to 76. Nearly $686 million was lost in the most recent quarter.
The largest losses came from the Mixin hack on September 25, which drained about $200 million. The Multichain hack was the second worst attack of the quarter, resulting in more than $126 million in losses that are still unrecovered. In addition to these incidents, the Lazarus Group drained more than $208 million worth of cryptocurrency through multiple attacks, including hacks on centralized services CoinEx, Alphapo, Stake, and Coinspaid. The report said the Lazarus Group was responsible for 30% of all stolen cryptocurrency in the third quarter.
RELATED: Exclusive: Hackers Sell Discounted CoinEx-Linked Tokens, Shares Hack
A small portion of Q3 attacks consisted of carpet pulls and other scams. Only $23 million (3.3% of total losses) came from these types of incidents, while the remaining 96.7% came from hacks or vulnerability exploits. Overall, monetary losses from scams decreased by 23.9% in Q3 compared to Q3 2022.
The report states that decentralized finance (DeFi) hacks accounted for 72.9% of total losses, while centralized services accounted for only 27.1% of exploit losses. Immunefi did not specify how they define “decentralized” vs. “centralized” services.
The two networks most targeted by hackers and scammers are Ethereum and BNB Chain. Ethereum accounts for 42.7% of the losses, while BNB Chain accounts for 30.5%. Base and Optimism are the third and fourth most popular networks exploited by attackers.
The report provides further evidence that Q3 was the worst quarter of the year for crypto-related hacks and scams. An Oct. 2 report by Certik came to a similar conclusion.
Author: Deepchain DCNews
Compiled by: Sister Shen
Twitter: DeepChain
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