Net losses from crypto theft down sharply in Q1 2023 at $322M: Report By Cointelegraph
[ad_1]
Crypto hackers and scammers made off with $452 million in the first quarter of 2023, according to a report released by antivirus and app provider De.Fi. But that is good and bad news, as losses were down from $1.3 billion in the first quarter of 2022. The recovery rate was down too, however.
According to the report, nearly half of the losses this quarter ($215 million) took place in the first three weeks of March. The Euler Finance and Bonq DAO exploits were the quarter’s loss leaders at $196 million and $120 million, respectively. Due to them, the blockchain suffered the highest losses, even though Binance outnumbered them with 18 incidents to ten on Ethereum.
Continue Reading on Coin Telegraph
[ad_2]
Source link
Crypto hackers and scammers made off with $452 million in the first quarter of 2023, according to a report released by antivirus and app provider De.Fi. But that is good and bad news, as losses were down from $1.3 billion in the first quarter of 2022. The recovery rate was down too, however.
According to the report, nearly half of the losses this quarter ($215 million) took place in the first three weeks of March. The Euler Finance and Bonq DAO exploits were the quarter’s loss leaders at $196 million and $120 million, respectively. Due to them, the blockchain suffered the highest losses, even though Binance outnumbered them with 18 incidents to ten on Ethereum.
Continue Reading on Coin Telegraph
About The Author
