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Friday, February 23, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,259.73
    ethereum
    Ethereum (ETH) $ 2,959.87
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 381.92
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.540238
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.084026
    cardano
    Cardano (ADA) $ 0.589834
    solana
    Solana (SOL) $ 102.61
    matic-network
    Polygon (MATIC) $ 0.991092
    polkadot
    Polkadot (DOT) $ 7.42
    tron
    TRON (TRX) $ 0.138862

    Ethereum suffered highest losses resulting from rug pulls and hacks, knowledge reveals

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    As per SlowMistโ€™s newest analysis report, Ethereum skilled the best losses, amounting to $487 million, adopted by Polygon.

    In keeping with the SlowMist report, a complete of 464 safety incidents resulted in losses totaling virtually $2.5 billion in 2023. The determine marks a 34.2% lower in losses in comparison with 2022, which noticed barely over 300 incidents that totalled $3.8 billion.

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    Analyzing the challenge varieties, decentralized finance (DeFi) emerged as probably the most regularly focused sector, experiencing over 280 safety incidents in 2023, losses that constituted 60.7% of the full incidents.

    Ethereum suffered highest losses due to rug pulls and hacks, data shows - 1

    Distribution and losses of safety incidents in 2023 | Supply: SlowMist

    You may also like: Main crypto hacks of 2023: how trade misplaced over $1b inside minutes

    The monetary toll from these incidents amounted to $773 million, representing a big 62.7% lower in losses year-over-year in comparison with 2022, which had 183 incidents with losses of round $2 billion, SlowMist experiences.

    Whereas Ethereum incurred the best losses resulting from crypto scams, rug pulls and hacks totaling $487 million, Polygon additionally misplaced thousands and thousands of {dollars} resulting from scams and hacks, with losses reaching a complete of $123 million.

    As per the report, exit scams had been probably the most prevalent reason for loss and accounted for 110 instances price roughly $83 million. These had been adopted by account compromise assaults.

    As crypto.information earlier reported, the crypto market misplaced a complete of $2 billion in 2023, a quantity that whereas excessive declined for the primary time since 2020. In keeping with De.Fiโ€™s REKT database, at the least 455 incidents had been documented in 2023, with the most important hack amounting to $231 million, attributed to Multichain. Regardless of the $2 billion whole, efforts of cybersecurity specialists and white hat hackers led to the restoration of roughly $200 million from the general sum.

    See also  Hackers steal $6.2 million in digital belongings from LastPass customers, investigators monitor stolen funds

    Learn extra: Crypto hacks in December push whole losses near $100m

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