The third quarter of 2023 has been the most financially damaging quarter of the year, according to the quarterly report of blockchain security firm CertiK. A total of 184 security incidents occurred in July, August and September, resulting in a loss of over $699 million in crypto assets. Private key compromises were the most damaging, taking over $204 million across 14 incidents, with the Multichain incident leading to a loss of $125 million. Exit scams and oracle manipulation were also prevalent, with 93 exit scam incidents taking more than $55 million in digital assets and 38 oracle manipulation incidents taking over $16 million in crypto.The exploit of the cross-chain protocol Mixin Network made September the biggest month for crypto exploits in 2023, with the company suspending all withdrawals and deposits after the incident and confirming that $200 million worth of assets from its mainnet were drained. North Korea’s state-affiliated hacking group Lazarus was also a dominant threat actor in the quarter, responsible for at least $291 million in confirmed losses in 2023.

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

Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	9
People	Multichain CEO, Lazarus, CertiK
Companies	Lazarus, Mixin Network, CertiK, None, Multichain
Currencies	South Korean Won, US Dollar, Ethereum, Mixin, Bitcoin
Securities	None