Hackers cleaned up the crypto market for $656 million in the first half of 2023
Date: 2023-07-02 Author: Karina Ziganova Categories: IN WORLD
Total losses from hacks, phishing scams, and rag pulls in the first 6 months of 2023 reached $655.61 million, and approximately $215 million of stolen assets have already been recovered.
According to a report published on June 30 by blockchain security company Beosin, the total value of cryptocurrencies lost as a result of scams, hacks and thefts in the first half of 2023 amounted to $656 million. Hackers conducted 108 attacks on protocols, 110 rag pulls and a number of phishing scams and embezzled $471.43 million, $75.87 million and $108 million, respectively.
The total damage from hacks has significantly decreased compared to last year. For comparison, in the first half of 2022, it exceeded $1.9 billion. Beosin analysts also noted that hackers returned about $215 million, which is 45.5% of all stolen assets. $113 million was transferred to Tornado Cash and other crypto mixers.
The vast majority of cryptocurrencies lost in the first half of 2023 — 75.6% — came from the Ethereum blockchain. In second place were the assets issued on the Binance Smart Chain network. More than half of the attacks – 56% – were due to the vulnerability of smart contracts, while 21.4% had no clear identifiable causes.
