Greater than $300 million in digital belongings had been misplaced to crypto hacks and exploits within the second quarter of 2023, in keeping with on-chain knowledge compiled within the quarterly report by the blockchain safety firm CertiK.
Within the report, CertiK confirmed that there have been a complete of 212 safety incidents within the quarter. The agency famous that throughout the incidents, malicious actors drained a complete of $313,566,528 from Web3 protocols. In comparison with the second quarter of 2022, when hacks and exploits took $745 million, the safety agency identified that there was a 58% decline within the quantity misplaced.
Regardless of the decrease complete quantity recorded in comparison with 2022, the quarter noticed a rise within the worth misplaced to exit scams, which amounted to round $70 million within the second quarter of 2023. That is nearly double the losses from comparable scams within the first quarter, which was round $31 million.
In the meantime, losses from flash loans and oracle manipulation exploits noticed a drastic lower within the second quarter in comparison with the primary quarter of 2023. Within the first quarter, there have been a complete of 52 oracle manipulation assaults resulting in losses of round $222 million, with the notorious Euler Finance hack contributing 85% to the losses.
Within the second quarter, there have been a complete of 54 flash mortgage and oracle manipulation assaults, which led to losses of round $23 million, an 89% decline in comparison with the primary quarter.
Aside from this, CertiK additionally highlighted that out of all of the blockchains the agency analyzed, BNB Chain recorded probably the most incidents, with 119 incidents resulting in $70,711,385 in losses. Ethereum got here in second place, with 55 incidents netting hackers $65,999,953.
In the meantime, a report from PeckShield confirmed that half of stolen nonfungible tokens (NFTs) are being sold within three hours of being stolen by malicious actors — indicating that hackers are fast to dump their ill-gotten good points after performing NFT theft.