Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik

According to cybersecurity steadfast Certik, astir $1 cardinal successful cryptocurrency has been pilfered owed to scams, rug pulls, and exploits passim 2023. The institution highlighted that the combined incidents successful August unsocial led to a nonaccomplishment of $45.8 million.

Certik Analysis: Cryptocurrency Losses Near $1 Billion

The integer information and astute declaration auditing steadfast Certik disclosed that $45.8 cardinal was purloined past period from assorted exploits, hacks, and deceptions. The PEPE token exit scam took the pb successful August with a staggering $13.2 million, followed intimately by the Exactly Protocol incidental astatine $7.3 million.

Certik pointed out that exit scams led to $26 cardinal successful losses, flash loans were liable for $6.4 million, and wide exploits amounted to $13.5 cardinal successful August. Additionally, Certik’s investigation states that astir $1 billion, oregon astir $997,345,346 was misappropriated successful 2023 via scams, exploits, rug pulls, and flash loans. July emerged arsenic the year’s person frankincense acold successful presumption of the magnitude pilfered done exploits during 2023.

Exit scams’ highest period was May, but August came dangerously adjacent with the caller PEPE incident. Regarding flash indebtedness attacks, there’s been a humble fig each year; however, a important spike occurred successful March erstwhile much than $200 cardinal was snatched that period done flash indebtedness attacks. In total, flash indebtedness attacks accounted for $261 cardinal this year.

Exploits reached a full of $596 cardinal successful 2023, with $137 cardinal linked to exit scams arsenic per Certik’s findings. Although PEPE was August’s astir colossal exit scam, the Zunami Protocol onslaught emerged arsenic the largest flash indebtedness contented during that month. Meanwhile, the Exactly Protocol incidental turned retired to beryllium August’s astir important exploit.

What bash you deliberation astir Certik’s study connected the crypto scam, hack, and exploit incidents successful 2023? Share your thoughts and opinions astir this taxable successful the comments conception below.