Crypto suffered 153% YoY enhance in hacks and scams in Q3: Immunefi

Crypto and Web3 tasks suffered a 153% enhance in assault incidents from July to September 2023 in comparison with the identical interval in 2022, in keeping with a report from blockchain safety platform Immunefi. In Q3 2022, there have been a complete of 30 assault incidents. However in Q3 2023, this quantity swelled to 76. Practically $686 million was misplaced within the latest quarter.

The best loss got here from the Mixin hack on Sept. 25, which drained roughly $200 million. The Multichain hack was the second-worst assault of the quarter, leading to over $126 million in losses that have nonetheless not been recovered. Along with these incidents, the Lazarus Group drained over $208 million price of crypto via a number of assaults, together with hacks of centralized providers CoinEx, Alphapo, Stake and Coinspaid. The Lazarus Group was accountable for 30% of all stolen crypto in Q3, the report said.

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