$656M misplaced from crypto hacks, scams and rug pulls in H1 2023: Report

In keeping with a June 30 report by Web3 safety agency Beosin, the entire worth of cryptocurrencies misplaced in scams, hacks and rug pulls amounted to $656 million in the course of the first half of 2023. This contains the lack of $471.43 million in 108 protocol assaults, $108 million in varied phishing scams and $75.87 million over 110 rug pulls. For hacks, the quantity represented a major lower over H1 2022 and H2 2022, the place $1.91 billion and $1.69 billion had been misplaced, respectively. As well as, Beosin analysts wrote:

In a dashboard compiled by Beosin and Footprint Analytics, just one undertaking was hacked for greater than $100 million, that being Euler Finance’s $195 million flash mortgage hack on March 13. The agency opened redemptions on April 12 after hackers returned a lot of the stolen belongings.

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