The number of attacks on crypto projects increased by 63%


The number of hacks, hacker attacks and fraudulent incidents targeted at the crypto industry for the second quarter of 2023 was 81. This figure increased by 63% compared to the same period last year. This is stated in the report of Immunefi.

Approximately $265 million has been lost in the previous three months: $220 million due to hacks, $45 million due to other incidents. This demonstrates a 60.4% decrease in losses compared to the second quarter of 2022, the authors of the document noted.

The Atomic Wallet suffered the most. As a result of its hacking, $100 million was stolen. Analysts separately noted the exit scam of the Fintoch project for $31.6 million.

Data: Immunefi.

BNB Chain and Ethereum accounted for 44.4% and 32.1% of the total number of incidents, respectively.

DeFi projects lost $228.5 million, while centralized platforms lost much less — $37 million.

Of the $265 million in stolen funds, only $10 million was recovered.

Data: Immunefi.

“As attackers continue to expand their malicious activities and use ever more sophisticated scams, users must evaluate projects carefully,” said Immunefi CEO Mitchell Amador.

Recall that in the first three months of 2023, blockchain projects lost more than $320 million.

Beosin experts estimated the loss of the crypto industry from hacks and fraud for the first half of the year at $655.6 million.

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