Hackers Stole $413M in Crypto in Q3: Report
During the third quarter of this year, there were 34 incidents of hacks and scams in the crypto industry, resulting in $413 million in losses.
This marks a decrease of 28% compared to the previous quarter and a decrease of 40% compared to the same period in 2020, during which $686 million was lost to malicious attacks.
While $1.3 billion has been lost to hacks and scams so far this year, this is a 4% decrease from the same time period last year.
According to Immunefi, a web3 bug bounty and security services platform, decentralized finance (DeFi) remains a primary target for hackers, with 31 of the 34 incidents occurring in this sector.
However, centralized finance (CeFi) suffered larger losses, accounting for 74.8% ($309 million) of the total amount stolen during the quarter, compared to 25.2% ($104 million) in DeFi.
