{"id":86459,"date":"2023-11-01T13:21:06","date_gmt":"2023-11-01T11:21:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86459"},"modified":"2025-09-13T05:46:38","modified_gmt":"2025-09-13T02:46:38","slug":"report-october-losses-from-hacks-and-scams-fall-to-51-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/report-october-losses-from-hacks-and-scams-fall-to-51-million\/","title":{"rendered":"Report: October losses from hacks and scams fall to $51 million"},"content":{"rendered":"<p>Crypto-industry losses from 23 security incidents in October totalled $51.61 million, an 85.6% drop from the prior month, Beosin notes.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">?Blockchain Security Recap of October: $51.61M Lost in Attacks?<\/p>\n<p>The month of October saw over 23 typical security incidents that resulted in a total loss of approximately $51.61M due to hacker attacks, <a href=\"https:\/\/twitter.com\/hashtag\/phishing?src=hash&#038;ref_src=twsrc%5Etfw\">#phishing<\/a> scams, and <a href=\"https:\/\/twitter.com\/hashtag\/rugpull?src=hash&#038;ref_src=twsrc%5Etfw\">#rugpull<\/a> , which is an 85.6% decrease compared to\u2026 <a href=\"https:\/\/t.co\/3aq16FADbD\">pic.twitter.com\/3aq16FADbD<\/a><\/p>\n<p>\u2014 Beosin ? Blockchain Security (@Beosin_com) <a href=\"https:\/\/twitter.com\/Beosin_com\/status\/1719586850015416495?ref_src=twsrc%5Etfw\">November 1, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The largest monthly losses were from hacker attacks \u2014 about $28.33 million. Among the 15 breaches, these were:<\/p>\n<ul class=\"wp-block-list\">\n<li>wallet <a href=\"https:\/\/u1f987.com\/en\/news\/fantom-foundation-reports-hack-worth-hundreds-of-thousands-of-dollars\">Fantom Foundation<\/a> \u2014 $7 million;<\/li>\n<li>Philippines-based exchange Coins.ph \u2014 $6 million;<\/li>\n<li>password-management service <a href=\"https:\/\/u1f987.com\/en\/news\/lastpass-breach-victims-lose-4-4m-in-a-day\">LastPass<\/a> \u2014 $4.4 million<\/a> (the incident was the result of a prior <a href=\"https:\/\/u1f987.com\/en\/news\/scam-deals-with-ton-domains-a-major-twitter-data-leak-and-other-cybersecurity-developments\">data breach<\/a>).<\/li>\n<\/ul>\n<p>Beosin specialists stressed that all three cases involved private-key compromise. According to them, such incidents continue to account for up to 67% of total losses from cyberattacks.<\/p>\n<p>They also drew attention to two Telegram bot hacks in October. First hit Maestro (about $510,000), and then \u2014 Unibot (about $640,000).<\/p>\n<p>Beosin recorded six rug-pull schemes in October with aggregate losses of $12.02 million <span data-descr=\"the project's development team suddenly abandons the project and sells or removes all its liquidity\" class=\"old_tooltip\">rug-pull<\/span> with total losses of $12.02 million.<\/p>\n<p>Among them was the gaming project FinSoul, where users lost $1.6 million. The team behind the latter is linked to the exit scam of the DeFi platform <a href=\"https:\/\/u1f987.com\/en\/news\/defi-project-fintoch-suspected-of-31-6m-fraud\">Fintoch<\/a> in May for $31 million.<\/p>\n<p>Experts say such incidents are rising in the industry, and users should conduct thorough due diligence, especially for closed-source projects.<\/p>\n<p>In the third quarter, total losses from hacks and scams <a href=\"https:\/\/u1f987.com\/en\/news\/report-losses-from-hacks-and-scams-in-q3-total-889-million\">amounted to about $889.3 million<\/a>, Beosin reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto-industry losses from 23 security incidents in October totalled $51.61 million, an 85.6% drop from the prior month, Beosin experts noted.<\/p>\n","protected":false},"author":1,"featured_media":86460,"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-86459","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":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86459","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=86459"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86459\/revisions"}],"predecessor-version":[{"id":86461,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86459\/revisions\/86461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86460"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}