Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi By Cointelegraph
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Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents. But in Q3 2023, this number swelled to 76. Nearly $686 million was lost in the recent quarter.
The highest loss came from the Mixin hack on Sept. 25, which drained approximately $200 million. The Multichain hack was the second-worst attack of the quarter, resulting in over $126 million in losses that have still not been recovered. In addition to these incidents, the Lazarus Group drained over $208 million worth of crypto through multiple attacks, including hacks of centralized services CoinEx, Alphapo, Stake and Coinspaid. The Lazarus Group was responsible for 30% of all stolen crypto in Q3, the report stated.
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Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents. But in Q3 2023, this number swelled to 76. Nearly $686 million was lost in the recent quarter.
The highest loss came from the Mixin hack on Sept. 25, which drained approximately $200 million. The Multichain hack was the second-worst attack of the quarter, resulting in over $126 million in losses that have still not been recovered. In addition to these incidents, the Lazarus Group drained over $208 million worth of crypto through multiple attacks, including hacks of centralized services CoinEx, Alphapo, Stake and Coinspaid. The Lazarus Group was responsible for 30% of all stolen crypto in Q3, the report stated.
Continue Reading on Coin Telegraph
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