Multichain

Moon

Dark

Euler

CoinsPaid

<ul>
 <li><strong>Crypto hacks in 2023 resulted in a $735 million loss across 69 incidents.</strong></li>
 <li><strong>Atomic Wallet’s $100 million hit is linked to North Korea’s Lazarus Group.</strong></li>
</ul>
<p>As the crypto world navigates another tumultuous year, the specter of cybercriminals looms large. A string of heists has plagued the industry, amounting to over $735 million siphoned across 69 <a href="https://thenewscrypto.com/justin-sun-led-heco-chain-hacked-to-the-tune-of-86-million/" rel="noopener noreferrer nofollow">hacks</a> so far in 2023, marking a staggering surge in digital theft. Among these, six stand as emblematic examples of the audacious exploits that have rocked DeFi protocols and crypto exchanges.</p>
<h3 class="wp-block-heading" id="h-1-euler-finance">1. Euler Finance&nbsp;</h3>
<p>The year began with a seismic blow as lending protocol Euler Finance endured a colossal breach, haemorrhaging close to $197 million. The attacker leveraged vulnerabilities in Euler’s donate function contract, sparking a high-stakes chase. Despite the hacker’s claim and partial restitution, questions linger about the intricacies of the exploit and the motives behind the elusive figure.</p>
<h3 class="wp-block-heading" id="h-2-multichain">2. Multichain&nbsp;</h3>
<p>The summer heat brought more than sweltering temperatures as the <a href="https://www.multichain.com/" rel="noopener noreferrer nofollow">Multichain</a> cross-chain bridge protocol was ransacked, lost over $125 million. Suspicion of insider involvement clouded the incident, amplifying concerns about decentralized protocols. The hack reverberated across Fantom, Dogecoin, and Moon River bridges, shaking confidence in centralized asset repositories.</p>
<h3 class="wp-block-heading" id="h-3-atomic-wallet">3. Atomic Wallet</h3>
<p>June saw the Atomic Wallet, a bastion of non-custodial security, breached for a staggering $100 million. Dark shadows emerged as the hack was allegedly linked to the North Korea-associated Lazarus Group. Beyond financial repercussions, the attack’s geopolitical implications underscored the intersection of cybercrime and global security concerns.</p>
<h3 class="wp-block-heading" id="h-4-curve-finance">4. Curve Finance</h3>
<p>Multiple exploits rocked Curve Finance in <a href="https://thenewscrypto.com/curve-finance-exploit-defi-projects-lose-47m/" rel="noopener noreferrer nofollow">July</a>, resulting in a hefty loss of $61 million across various trading pools. The initial breach was a catalyst for a wave of subsequent attacks, highlighting vulnerabilities within DeFi platforms and sparking urgent calls for enhanced security measures.</p>
<h3 class="wp-block-heading" id="h-5-stake-com">5. Stake.com</h3>
<p>September brought the infiltration of Stake.com, a titan in the crypto betting arena, suffering a $41 million hit. Downplaying the impact on operations highlighted vulnerabilities in high-profile platforms, emphasizing the need to fortify digital fortresses against evolving threats. It signals the importance of fortifying digital fortresses against evolving threats.</p>
<h3 class="wp-block-heading" id="h-6-coinspaid">6. CoinsPaid</h3>
<p>A sophisticated social engineering attack targeted CoinsPaid, resulting in a months-long campaign culminating in a $37.3 million heist. The assailants’ link to the Lazarus Group echoed earlier connections, emphasizing the persistent threat posed by sophisticated cybercriminal syndicates.</p>
<p>Furthermore, The drumbeat of heists reverberates through the crypto landscape, painting a harrowing picture of vulnerabilities and escalating risks. Each breach unveils new dimensions of cyber threats, prompting a collective call to action for bolstered security measures and industry-wide resilience. As the year hurtles toward its conclusion, the battle against digital plunder remains a pressing priority for the crypto ecosystem’s fortitude and longevity.</p>

Top 6 Major Crypto Hacks Of 2023

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