hacks
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🔒The losses from #hacks on the #BNBChain
significantly decreased in 2023.
In 2023, a total of 414 incidents resulted in a loss of $161.1M👀
📉This is 85% less compared to the $1.11B stolen in 2022.
#losses #bnbSmartChain
significantly decreased in 2023.
In 2023, a total of 414 incidents resulted in a loss of $161.1M👀
📉This is 85% less compared to the $1.11B stolen in 2022.
#losses #bnbSmartChain
Why is HTX Witnessing a $258 Million Outflow After Multiple Exploits? 😱
Amid multiple #hacks , the crypto exchange HTX faced an exodus of $258 million post a $30 million exploit in November.
Investor trust plummeted after four attacks within two months, including a $100 million Poloniex breach and a HECO Chain bridge #compromise .
Despite promises by Justin Sun, no response from HTX has surfaced. November marked a $363 million theft surge in the crypto realm, underscoring mounting #security concerns and the flight of assets from compromised platforms like HTX.
#Binance
#crypto2023
Amid multiple #hacks , the crypto exchange HTX faced an exodus of $258 million post a $30 million exploit in November.
Investor trust plummeted after four attacks within two months, including a $100 million Poloniex breach and a HECO Chain bridge #compromise .
Despite promises by Justin Sun, no response from HTX has surfaced. November marked a $363 million theft surge in the crypto realm, underscoring mounting #security concerns and the flight of assets from compromised platforms like HTX.
#Binance
#crypto2023
Crypto users lost $1.8 billion in 2023 hacks and scams
Over the course of 2023, crypto users lost $1.8 billion in various hacks, exploits, scams and rug pulls, bug bounty platform Immunefi said in a report published on Thursday. While that's a 54% decrease from the $3.9 billion the industry lost in 2022, the number of single incidents increased 90% from 168 in 2022 to 319 in 2023.
The third quarter of the year proved to be the most disastrous, accounting for a third of all losses registered during the year. In terms of monthly numbers, the highest losses were seen in November ($343 million), September ($340 million) and July ($320 million).
A total of $1.6 billion was lost as a result of hacks in 247 incidents mostly connected to decentralized finance platforms, while fraud accounted for $103 million lost in 110 incidents, according to the report.
Immunefi said that 13.5% of the stolen funds, or around $231.7 million, had been recovered in 19 cases.
Most attacked blockchains
BNB Chain and Ethereum are consistently the most attacked blockchains, accounting for more than half of the total losses. According to Immunefi, 131 incidents involved BNB Chain-based projects, and 91 incidents were seen on Ethereum. They were followed by Polygon with ten incidents, and Avalanche with six.
North Korea's Lazarus Group got away with $308.6 million of funds stolen from various projects in 2023, which is 17.4% of the total losses seen during the year. The group is believed to be behind the attacks on Atomic Wallet, CoinEx, Alphapo, Stake and CoinsPaid.
Other notable incidents in 2023 included attacks on Mixin Network ($200 million), Euler Finance ($197 million), Multichain ($126 million), Poloniex ($126 million), and BonqDAO ($120 million), Immunefi said.
#Scams #hacks
The third quarter of the year proved to be the most disastrous, accounting for a third of all losses registered during the year. In terms of monthly numbers, the highest losses were seen in November ($343 million), September ($340 million) and July ($320 million).
A total of $1.6 billion was lost as a result of hacks in 247 incidents mostly connected to decentralized finance platforms, while fraud accounted for $103 million lost in 110 incidents, according to the report.
Immunefi said that 13.5% of the stolen funds, or around $231.7 million, had been recovered in 19 cases.
Most attacked blockchains
BNB Chain and Ethereum are consistently the most attacked blockchains, accounting for more than half of the total losses. According to Immunefi, 131 incidents involved BNB Chain-based projects, and 91 incidents were seen on Ethereum. They were followed by Polygon with ten incidents, and Avalanche with six.
North Korea's Lazarus Group got away with $308.6 million of funds stolen from various projects in 2023, which is 17.4% of the total losses seen during the year. The group is believed to be behind the attacks on Atomic Wallet, CoinEx, Alphapo, Stake and CoinsPaid.
Other notable incidents in 2023 included attacks on Mixin Network ($200 million), Euler Finance ($197 million), Multichain ($126 million), Poloniex ($126 million), and BonqDAO ($120 million), Immunefi said.
#Scams #hacks
Due to the anonymity cryptocurrencies provide, the crypto industry is known to be targeted by hackers and other malicious players.
This has left many wondering just how much digital currency has been pilfered from right under the nose of the industry over the years.
Now, the latest report by blockchain security firm SlowMist seems to have the answer. According to the recently released report, hackers and scammers have made off with a staggering $30 billion in cryptocurrency since 2012.
#cryptocurrency #hacks #scams #money #cryptoonindia
This has left many wondering just how much digital currency has been pilfered from right under the nose of the industry over the years.
Now, the latest report by blockchain security firm SlowMist seems to have the answer. According to the recently released report, hackers and scammers have made off with a staggering $30 billion in cryptocurrency since 2012.
#cryptocurrency #hacks #scams #money #cryptoonindia
⚡️ Top 10 Crypto Protocols Exploits in November
During November 2023, the crypto industry saw a loss of $343M across the web3 ecosystem. According to Immunefi's report, $335.5M was lost to hacks across 18 specific incidents, and $7.46M was lost to fraud across 23 specific incidents. Let's analyze the largest losses of the month!
#exploit #hack #hacks $KNC $HT $DYDX $RAFT $XCN #dydx #KNC
During November 2023, the crypto industry saw a loss of $343M across the web3 ecosystem. According to Immunefi's report, $335.5M was lost to hacks across 18 specific incidents, and $7.46M was lost to fraud across 23 specific incidents. Let's analyze the largest losses of the month!
#exploit #hack #hacks $KNC $HT $DYDX $RAFT $XCN #dydx #KNC
