Web3 Lost Over $890 Million to Hacks and Scams in Q3 2023 Beosin EagleEye platform, a subsidiary of Beosin,
a blockchain security audit company, revealed in a research report that Web3 lost approximately $890 million to various security breaches, phishing scams, and rug pulls in the third quarter
of 2023.
Breaking down the losses,
it was revealed that 43 separate hacker attacks led to a cumulative loss of around $540 million, while phishing scams resulted in an approximate loss
of $66.15 million.
Additionally,
81 incidents of rug pulls within projects led to a total loss of approximately $280 million. DeFi, or Decentralized Finance, remained the most frequently targeted sector,
accounting for 67.4% of all incidents with 29 attacks reported.
Amongst the various project types,
public chains experienced the most substantial losses, with Ethereum alone accounting for $227 million. Ethereum also took the unfortunate lead in security incidents,
tallying up 16 during the quarter.Examining attack methods, it was found
that private key leaks were the most costly, causing losses of $223 million.
