Ethereum

Multichain

Pepe

In Q3 2023, the crypto industry lost $889.3 million to hacks, scams, and rug pulls, more than cumulative losses in H1. Beosin experts&nbsp;<a href="https://www.beosin.com/resources/Q3_2023_Global_Web3_Security_Report,_AML_Analysis_&amp;_Crypto_Regulatory_Landscape.pdf" target="_blank" rel="noopener noreferrer nofollow">say</a>&nbsp;that $540.16 million were lost in 43 cyber attacks; $282.96 million and $66.15 million were lost in 81 rug pulls and phishing scams. 
In total, 29 attacks targeted decentralized finance (defi) protocols, which made up 67.4% of all exploits. The largest loss was from the&nbsp;<a target="_blank" href="https://crypto.news/report-hackers-control-over-90-of-mixins-usdt-holdings/" rel="noopener noreferrer nofollow">Mixin Network</a>&nbsp;hack, where $200 million was lost. 
Curve, CoinEx, Alphapo, and Stake also suffered significant losses. As for rug pulls, Multichain, Bald, and Pepe were the most affected, with losses ranging from $15.5 million to $210 million. 
 You might also like: <a href="https://crypto.news/fantoms-dex-spiritswap-folding-after-multichain-hack/" rel="noopener noreferrer nofollow"> Fantom’s DEX, SpiritSwap, folding after Multichain hack </a> 
In recent attacks, hackers have caused significant damage to Ethereum and BNB Chain protocols, losing $227 million and $37.4 million, respectively.&nbsp; 
Only 10% of the stolen assets have been recovered. 
Crypto ransomware attacks&nbsp;<a target="_blank" href="https://crypto.news/crypto-scammers-hackers-stole-450-million-in-h1-2023/" rel="noopener noreferrer nofollow">increased</a>&nbsp;in H1 2023. However, the amount of money going to crime-related crypto addresses decreased by 65%.&nbsp; 
In H1 2023, there was a significant decrease of $5.2 billion in crypto inflows used to facilitate criminal activity compared to the same period in 2022. Despite this, attackers received $175.7 million more from extortion by June 2023 than in H1 2022. 
 You might also like: <a href="https://crypto.news/lazarus-group-hackers-from-country-with-no-internet-threaten-defi/" rel="noopener noreferrer nofollow"> Lazarus Group: hackers from country with no internet threaten defi </a>

Crypto scammers and hackers stole $889m in Q3 2023

crypto.news

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