The #web3 bug bounty platform Immunefi said that November 2023 had the largest monthly cryptocurrency losses of the year, with over $343 million lost to fraud and hacking. Compared to October's exploits, which were valued at almost $22 million, this is a fifteen-fold rise.
Hacking remained the most common kind of cyberattack compared to fraud, with over $335 million lost in 18 different hacking events in November.
Platforms for centralised finance (#CeFi ) emerged as the primary victims, surpassing decentralised finance (#DeFi ) in terms of total lost money.
For the month, high-profile assaults on platforms including Poloniex, HTX (previously Huobi), and Kronos Research amounted to 46.2% ($158.6 million) of the losses over 37 instances for DeFi and 53.8% ($184.4 million) over four for CeFi. With a combined loss of 83%, #BNB Chain and #ETH continued to be the most targeted chains in November.
