{"id":10207,"date":"2024-01-29T12:19:00","date_gmt":"2024-01-29T10:19:00","guid":{"rendered":"https:\/\/forklog.com\/en\/peckshield-reports-2-61-billion-loss-in-crypto-industry-due-to-hacks-and-scams\/"},"modified":"2024-01-29T12:19:00","modified_gmt":"2024-01-29T10:19:00","slug":"peckshield-reports-2-61-billion-loss-in-crypto-industry-due-to-hacks-and-scams","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/peckshield-reports-2-61-billion-loss-in-crypto-industry-due-to-hacks-and-scams\/","title":{"rendered":"PeckShield Reports $2.61 Billion Loss in Crypto Industry Due to Hacks and Scams"},"content":{"rendered":"<p>The cryptocurrency industry suffered losses amounting to $2.61 billion in 2023 due to hacking incidents and fraudulent activities, according to a report by PeckShield.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&#038;ref_src=twsrc%5Etfw\">#PeckShieldAlert<\/a> 2023 saw 600+ major hacks in the crypto space, resulting in ~$2.61B in losses, with $674.9M recovered. <br \/>$1.51B lost to hacks (excluding <a href=\"https:\/\/twitter.com\/hashtag\/Multichain?src=hash&#038;ref_src=twsrc%5Etfw\">#Multichain<\/a> unauthorized withdrawals) &#038; $1.1B to scams. This marks a 27.78% decrease from 2022. <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\">#DeFi<\/a> protocols remained prime\u2026 <a href=\"https:\/\/t.co\/G7PIU3WyrX\">pic.twitter.com\/G7PIU3WyrX<\/a><\/p>\n<p>\u2014 PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1751788344281886726?ref_src=twsrc%5Etfw\">January 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts calculated that projects managed to recover $674.9 million (25.9%).<\/p>\n<p>Of the $2.61 billion, $1.5 billion was attributed to hacks, with the remaining amount linked to fraud-related incidents.<\/p>\n<p>Compared to 2022, the total figure decreased by 27.78%.<\/p>\n<p>The largest losses were recorded in November ($364.4 million) and September ($339.2 million).<\/p>\n<p>Malicious actors continued to focus on DeFi protocols, accounting for approximately 67% of the total damage. 33% of the losses were attributed to <span data-descr=\"centralized platforms\" class=\"old_tooltip\">CEX<\/span>.<\/p>\n<p>Hackers executed 40% of attacks using flash loans.<\/p>\n<p>Among the over 600 incidents, the most significant losses were faced by:<\/p>\n<ul class=\"wp-block-list\">\n<li>Mixin ($200 million);<\/li>\n<li>Euler Finance ($197 million);<\/li>\n<li>Poloniex ($125 million);<\/li>\n<li>HECO Bridge and HTX ($111 million);<\/li>\n<li>Orbit Chain (<a href=\"https:\/\/u1f987.com\/en\/news\/hackers-steal-over-80-million-from-orbit-bridge-cross-chain-platform\">$81.5 million<\/a>).<\/li>\n<\/ul>\n<p>Earlier, analysts at Immunefi estimated the industry&#8217;s losses from hackers and scammers in 2023 at $1.8 billion.<\/p>\n<p>Previously, TRM Labs listed factors that may have contributed to the reduction in hacking losses last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency industry suffered losses amounting to $2.61 billion in 2023 due to hacking incidents and fraudulent activities, according to a report by PeckShield. #PeckShieldAlert 2023 saw 600+ major hacks in the crypto space, resulting in ~$2.61B in losses, with $674.9M recovered. $1.51B lost to hacks (excluding #Multichain unauthorized withdrawals) &#038; $1.1B to scams. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1252],"class_list":["post-10207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10207"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10206"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}