Crypto and Web3 projects experienced a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents, but this number rose to 76 in Q3 2023. Nearly $686 million was lost in the recent quarter, with the highest loss coming from the Mixin hack of September 25, which drained approximately $200 million. The Multichain hack was the second-worst attack of the quarter, resulting in over $126 million in losses that have still not been recovered. The Lazarus Group was responsible for 30% of all stolen crypto in Q3, draining over $208 million worth of crypto through multiple attacks, including hacks of centralized services CoinEx, Alphapo, Stake, and Coinspaid. A small portion of Q3 attacks consisted of rug pulls and other scams, with only $23 million, or 3.3% of total losses, coming from these types of incidents. 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 were Ethereum and BNB Chain, representing 42.7% and 30.5% of losses respectively. Base and Optimism were the third and fourth most popular networks for attackers to exploit. Overall, Q3 has been the worst quarter of the year for crypto-related hacks and scams, with a report from Certik on October 2 coming to similar conclusions.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | negative |
| Relevance Score | 8 |
| People | CoinEx, Alphapo, Lazarus Group, Mixin, Stake |
| Companies | Optimism, CoinEx, Coinspaid, Certik., Ethereum, Alphapo, DeFi, Lazarus Group, Mixin, Immunefi, Stake, BNB Chain, Multichain, Base |
| Currencies | Optimism, BNB, Ethereum, Bitcoin, Toucan Protocol: Base Carbon Tonne |
| Securities | None |
