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Crypto Exploits Cost $1.34 Billion in 2023 So Far

  1. Home
  2. Bobs-News World Asia
  3. Crypto Exploits Cost $1.34 Billion in 2023 So Far
asia 714 crypto negative
  • bob
  • 2023-10-02
  • Asia
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • Market Analysis and Predictions
September has been a disastrous month for crypto-related exploits, with a total of $329.8 million stolen. The most significant contributor to this figure was the Mixin Network attack, which resulted in a loss of $200 million. Other major incidents included the CoinEx and Stake.com attacks, resulting in losses of $53 million and $41 million respectively. North Korean hacking collective Lazarus Group has been linked to both of these attacks, and currently holds $45.6 million in crypto assets.The total amount of crypto lost to exploits, scams, and hacks in 2023 has now reached $1.34 billion. July was the second-highest month for exploit losses with $285.8 million stolen. In addition, $1.9 million was lost to exit scams, $400,000 to flash loan attacks, and another $25 million to phishing attacks.According to blockchain security firm Beosin, total losses from hacks, phishing scams, and exit scams were just under $890 million for the third quarter of 2023. This figure is higher than the combined sum of the first two quarters, which was $330 million in Q1 and $333 million in Q2.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Asia
Countries 🇭🇰 🇺🇸
Sentiment negative
Relevance Score 8
People CoinEx, Stake.com, Beosin, Mixin Network, Lazarus Group
Companies CoinEx, Stake.com, Beosin, Mixin Network, Lazarus Group
Currencies CoinEx, Ethereum, Mixin, Bitcoin, STAKE
Securities None

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