Ethereum

Pepe

Multichain

<div class="cryptonews"> 
 <p class="is-style-lead">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;say&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.</p> 
 <p>In total, 29 attacks targeted decentralized finance (defi) protocols, which made up 67.4% of all exploits. The largest loss was from the&nbsp;Mixin Network&nbsp;hack, where $200 million was lost.</p> 
 <p>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.</p> 
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 <p>In recent attacks, <a rel="dofollow" title="hackers" href="https://thebittimes.com/tag/hackers.html">hackers</a> have caused significant damage to Ethereum and BNB Chain protocols, losing $227 million and $37.4 million, respectively.&nbsp;</p> 
 <p>Only 10% of the stolen assets have been recovered.</p> 
 <p>Crypto ransomware attacks&nbsp;increased&nbsp;in H1 2023. However, the amount of money going to crime-related crypto addresses decreased by 65%.&nbsp;</p> 
 <p>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.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-scammers-and-hackers-stole-889m-in-q3-2023-tbt64338.html">https://thebittimes.com/crypto-scammers-and-hackers-stole-889m-in-q3-2023-tbt64338.html</a></p>

Crypto scammers and hackers stole $889m in Q3 2023

TheBitTimes

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