Exploits, hacks and scams stole almost $1B in 2023: Report

Malicious actors targeting the crypto abstraction person taken much than $45 cardinal successful integer assets from their victims successful the period of August unsocial and a full of $997 cardinal year-to-date (YTD), according to a study shared by the blockchain information steadfast CertiK.

In the report, CertiK highlighted that exit scams took astir $26 million, flash indebtedness attacks took $6.4 cardinal and exploits took $13.5 cardinal from their victims successful August 2023. The cybersecurity steadfast confirmed that the full losses amounted to implicit $45 million.

Major incidents that happened successful August. Source: CertiK

CertiK pointed retired that immoderate of the large incidents that contributed to the magnitude mislaid see the Zunami Protocol attack, which led to $2.2 cardinal successful losses; the Exactly Protocol exploit, which took $7.3 million; and the PEPE (PEPE) withdrawal incident, which led to $13.2 cardinal successful losses.

According to CertiK, much than $997 cardinal has been mislaid to exploits, hacks and scams successful 2023 truthful far. This includes astir $261 cardinal mislaid to flash indebtedness attacks, implicit $137 cardinal mislaid to exit scams and much than $596 cardinal mislaid to exploits.

Related: CertiK drops findings connected alleged scammer who stole $1M successful crypto

While the losses successful August are inactive high, the magnitude is importantly little compared to the losses incurred successful the erstwhile month. In July 2023, around $486 cardinal successful full losses were recorded by Web3 information outlet De.Fi, with the Multichain exploit unsocial contributing astir $231 cardinal to the full magnitude lost.

With assorted factors astatine play, Multichain officially announced the halting of its operations connected July 14. The squad cited a deficiency of backing for operations and a deficiency of alternate sources of accusation arsenic the reasons for its shutdown. According to the team, it was incapable to interaction the CEO since helium was taken into custody by Chinese authorities.

Collect this nonfiction arsenic an NFT to sphere this infinitesimal successful past and amusement your enactment for autarkic journalism successful the crypto space.

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