Here’s How Much Money Crypto Users Lost Last Year
2023 was a bit better for crypto victims. According to security app De.Fi, this year cryptocurrency users lost nearly $2 billion to scams, rug pulls and hacks. This is 50% less than last year.
Most of the losses, as per report, occurred on the Ethereum chain, with $1.35 billion stolen in an estimated 170 incidents.
It is followed by BNB Chain, which said goodbye to $110.12 million after 213 incidents.
Centralized platforms also took a hit, losing some $256 million across seven cases. Multichain was subject to the worst heist, parting with $230 million while the Poloniex attack took $122 million.
Meanwhile, Solana lost one million dollars after one attack and emerging network zkSync Era lost $5.2 million in two incidents.
The most popular scams included access control exploits (resulting in losses of more than $852 million out of 29 instances), exit scams ($136 million over 263 cases) and flash loan attacks ($275 million lost over 36 cases).
Previously, GN Crypto reported about the Horizon Bridge heist.
It is followed by BNB Chain, which said goodbye to $110.12 million after 213 incidents.
Centralized platforms also took a hit, losing some $256 million across seven cases. Multichain was subject to the worst heist, parting with $230 million while the Poloniex attack took $122 million.
Meanwhile, Solana lost one million dollars after one attack and emerging network zkSync Era lost $5.2 million in two incidents.
The most popular scams included access control exploits (resulting in losses of more than $852 million out of 29 instances), exit scams ($136 million over 263 cases) and flash loan attacks ($275 million lost over 36 cases).
Still, these numbers are not as bad as in 2022. All thanks to improved security protocols, increased awareness within the community and the bear market that scared off many perpetrators.
Source: Rekt Database
Since 2011, the cumulative lost and recovered funds have totalled $77,789,516,447. The largest loss was observed in May 2022 after the collapse of Terra Classic, leading to the loss of $40,000,000,000.
Previously, GN Crypto reported about the Horizon Bridge heist.
