In keeping with a June 30 report from Web3 safety agency Beosin, the entire worth of cryptocurrencies is misplaced Frauds, hacks and lag pulls value $656 million within the first half of 2023. This contains his $471.43 million loss from 108 protocol assaults, $108 million from numerous phishing scams, and his $75.87 million loss from 110 lag pulls. Within the case of hacking, that quantity dropped considerably in comparison with the primary half of 2022 and the second half of 2022, the place $1.91 billion and $1.69 billion have been misplaced, respectively. Moreover, a Beosin analyst wrote:

within the dashboard Edited In keeping with Beosin and Footprint Analytics, just one challenge has been hacked for over $100 million and that was the $195 million flash mortgage hack of Euler Finance on March thirteenth. Redemption began on April twelfth After the hackers returned a lot of the stolen belongings.

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