Crypto and Web3 projects experienced a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents, but this number rose to 76 in Q3 2023. Nearly $686 million was lost in the recent quarter, with the highest loss coming from the Mixin hack of September 25, which drained approximately $200 million. The Multichain hack was the second-worst attack of the quarter, resulting in over $126 million in losses that have still not been recovered. The Lazarus Group was responsible for 30% of all stolen crypto in Q3, draining over $208 million worth of crypto through multiple attacks, including hacks of centralized services CoinEx, Alphapo, Stake, and Coinspaid. A small portion of Q3 attacks consisted of rug pulls and other scams, with only $23 million, or 3.3% of total losses, coming from these types of incidents. Decentralized finance (DeFi) hacks accounted for 72.9% of total losses, while centralized services accounted for only 27.1% of exploit losses. The two networks most targeted by hackers and scammers were Ethereum and BNB Chain, representing 42.7% and 30.5% of losses respectively. Base and Optimism were the third and fourth most popular networks for attackers to exploit. Overall, Q3 has been the worst quarter of the year for crypto-related hacks and scams, with a report from Certik on October 2 coming to similar conclusions.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	8
People	CoinEx, Alphapo, Lazarus Group, Mixin, Stake
Companies	Optimism, CoinEx, Coinspaid, Certik., Ethereum, Alphapo, DeFi, Lazarus Group, Mixin, Immunefi, Stake, BNB Chain, Multichain, Base
Currencies	Optimism, BNB, Ethereum, Bitcoin, Toucan Protocol: Base Carbon Tonne
Securities	None