According to CertiK's analytical report, the cryptocurrency industry experienced significant financial losses of $116 million due to cyberattacks and fraudulent activities. Despite the substantial damage, this figure represents a positive trend, marking the lowest losses in the past six months and suggesting a gradual reduction in criminal activities within the sector.
Protocol exploits were the primary source of damage, accounting for over $113.3 million of the total losses. Among the affected projects, the decentralized lending platform Radiant Capital suffered the most, with losses reaching $34.7 million. Other significant financial damages were recorded in the Terra LFG and Berry DAO ecosystems, with losses of $5.4 million and $2.9 million, respectively.
Flash attacks targeting lending protocols caused $1.5 million in losses. The attackers used complex algorithmic manipulations of asset pricing parameters, which were particularly evident in the Universe Project, which lost approximately $996,000.
Scam schemes resulted in $1.2 million in losses, with the most significant damage of $487,000 occurring in the Wize project. Of particular concern is the ongoing trend of fraudulent schemes involving the deliberate withdrawal of assets, where investment initiative organizers intentionally liquidate their operations and misappropriate investors' funds.
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