Cryptocurrency Users Lose $33.5 Million in December 2023
Date: 2024-01-01 Author: Dima Zakharov Categories: IN WORLD
Cryptocurrency users faced significant losses in December 2023, with a total of $33.5 million disappearing due to various security breaches and fraudulent activities. According to security experts, the major categories of losses include "exit scams" or "rug pulls" accounting for around $3.2 million, exploits involving "flash loans" totaling $2.4 million, and losses resulting from cybercriminal attacks amounting to $27.8 million. Experts have also published an informative infographic detailing the major incidents.
The most significant incident was the Phishing Victim attack on wallet 0xEa69, resulting in users losing $4.4 million. The NFT Trader incident followed closely with losses of $3 million, and the Private Key Compromise 0x896 accounted for $2.5 million in losses. The attack on the decentralized Flooring Protocol ranked next, causing $1.7 million in user losses. Finally, StoicDAO users experienced losses of $1.4 million.
According to Certik analysts, the total losses incurred by cryptocurrency users from exploits in the current year amounted to $1.29 billion. The overall amount of stolen funds exceeded $1.75 billion in 2023.
Certik is a blockchain security company specializing in auditing and verifying the security of blockchain projects. They offer their services to companies and startups, helping them ensure the reliability of smart contracts and platforms.
Certik employs a combination of automated tools and expert analysis to conduct code audits and assess systems for potential vulnerabilities, errors, and security threats. Experts also provide recommendations and advice for addressing identified issues and enhancing the overall security of the project.
