{"id":76873,"date":"2023-04-07T17:21:54","date_gmt":"2023-04-07T14:21:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76873"},"modified":"2025-09-10T19:55:33","modified_gmt":"2025-09-10T16:55:33","slug":"crypto-projects-lost-more-than-320-million-to-hacks-in-the-quarter","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-projects-lost-more-than-320-million-to-hacks-in-the-quarter\/","title":{"rendered":"Crypto projects lost more than $320 million to hacks in the quarter"},"content":{"rendered":"

In the first three months of 2023, blockchain projects lost more than $320 million to hacks and fraud. Cointelegraph<\/a>, citing a CertiK report.<\/p>\n

Losses were significantly lower than in the first and fourth quarters of 2022, when hackers stole $1.3 billion and $950 million, respectively.<\/p>\n

Analysts say the relatively modest level of losses may reflect external factors affecting the crypto industry as a whole, including the recent collapses of Silvergate Bank<\/a>, Signature Bank<\/a> and Silicon Valley Bank<\/a>.<\/p>\n

During the period, more than $31 million was lost in 90 cases of exit scams and about $222 million in 52 exploits using flash loans<\/a>.<\/p>\n

\"data\"
Data: CertiK.
<\/figcaption><\/figure>\n

The most-targeted network was BNB Chain, with 139 incidents detected. Ethereum saw the largest losses, totaling $221.8 million.<\/p>\n

Analysts noted that 60% of the total theft amount was attributed to the DeFi protocol Euler Finance. On March 13, a hacker withdrew more than $196 million in cryptocurrencies from the network. However, later the hacker returned 90% of the stolen funds.<\/p>\n

In April, an unknown attacker stole about $1 million in digital assets from the Sentiment DeFi liquidity protocol. The next day, $870,000 was returned.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the first three months of 2023, blockchain projects lost more than $320 million to hacks and fraud, according to Cointelegraph citing CertiK.<\/p>\n","protected":false},"author":1,"featured_media":76874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1252],"class_list":["post-76873","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":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76873","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=76873"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76873\/revisions"}],"predecessor-version":[{"id":76875,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76873\/revisions\/76875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76874"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}