ChainCatcher news, according to Beosin Alert monitoring and early warning, the total losses in the Web3 field due to hacker attacks, phishing scams and project parties’ Rug Pulls in the first quarter of 2024 reached US$778 million. Among them, there were 39 major attack incidents, with a total loss of approximately US$617 million; 43 Rug Pull incidents by project parties, with a total loss of approximately US$75.5 million; and phishing scams, with a total loss of approximately US$86.24 million.
Total losses in the first quarter of 2024 were approximately $778 million, a year-over-year increase of approximately 126% and a sequential increase of approximately 72%. The amount of money lost from hacking incidents is higher than any quarter in 2023. Total losses in February reached $422 million, the costliest month in the first quarter of 2024.
From the perspective of the types of projects attacked, gaming platforms have become the type of projects with the highest amount of losses for the first time. Six attacks on Web3 gaming platforms have caused a total loss of $365 million, accounting for 59% of all attack losses. From the perspective of the amount of losses on each chain, Ethereum is still the chain with the highest amount of losses and the most attacks. 18 attacks on Ethereum have caused a loss of $342 million, accounting for 55.4% of the total losses.
In terms of attack methods, there were 13 private key leaks this quarter, causing losses of $458 million, accounting for 74.3% of the total attack losses, which is the highest proportion of attack types. According to Beosin KYT Anti-Money Laundering Analysis Platform, most of the stolen assets were frozen and recovered this quarter in terms of fund flows. About $303 million (49.2%) of stolen funds were frozen, and $79.45 million (12.9%) of stolen funds were recovered. In terms of auditing, the proportion of audited projects among the attacked projects has increased.
