{"id":81293,"date":"2023-07-05T17:29:14","date_gmt":"2023-07-05T14:29:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81293"},"modified":"2025-09-11T21:58:23","modified_gmt":"2025-09-11T18:58:23","slug":"crypto-industry-losses-from-hacks-and-scams-exceed-313-5-million-in-q2-2023","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-industry-losses-from-hacks-and-scams-exceed-313-5-million-in-q2-2023\/","title":{"rendered":"Crypto-industry losses from hacks and scams exceed $313.5 million in Q2 2023"},"content":{"rendered":"<p>In the second quarter of 2023, total losses of crypto projects from hacks and scams surpassed $313.5 million, according to <a href=\\\"https:\/\/cointelegraph.com\/news\/crypto-hacks-and-exploits-snatch-over-300m-in-q2-2023-report\\\">Cointelegraph<\/a>, citing a CertiK report.<\/p>\n<p>The losses were 58% lower than in the same period a year earlier ($745 million).<\/p>\n<p>In total for the three months, experts recorded 212 security incidents.<\/p>\n<p>In the first quarter of 2023, total losses of crypto projects stood at <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-projects-lost-more-than-320-million-to-hacks-in-the-quarter\">more than $320 million<\/a>. However, from April to June, losses from exit scams nearly doubled \u2014 $70 million versus $31 million.<\/p>\n<p>The losses from attacks using <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-flash-loans\">flash loans<\/a> and oracle manipulation bucked the trend. In the second quarter, their number totaled 54, with losses of about $23 million, 89% lower than in the previous three months.<\/p>\n<p>The largest attack in the period was the June breach of the Atomic Wallet, with losses <a href=\"https:\/\/u1f987.com\/en\/news\/atomic-wallet-hack-losses-exceed-100-million\">exceeding $100 million<\/a>.<\/p>\n<p>The most attacked network was BNB Chain \u2014 119 incidents with total losses of $70.7 million. Ethereum ranked second with 55 incidents and $66 million, respectively.<\/p>\n<p>Beosin, in a prior assessment, estimated the crypto industry&#8217;s losses from hacks and scams in the first half of the year at <a href=\"https:\/\/u1f987.com\/en\/news\/report-crypto-industry-losses-from-hacks-and-scams-total-655-million-in-six-months\">$655.6 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the second quarter of 2023, losses across crypto projects from hacks and scams exceeded $313.5 million, according to Cointelegraph citing a CertiK report.<\/p>\n","protected":false},"author":1,"featured_media":81294,"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":[44,1111,1252],"class_list":["post-81293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-cybersecurity","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81293","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=81293"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81293\/revisions"}],"predecessor-version":[{"id":81295,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81293\/revisions\/81295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81294"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}