A new report from blockchain security firm Beosin reveals that the crypto market posted losses of more than half a trillion dollars in the first half of the year due to hacks and other illegal schemes.
Recently released security data from the company shows that the web3 space suffered $655.61 million in losses in the first six months of 2023 from hacks, phishing scams and back pulls.
Beosin says 108 hacking attacks account for $471.43 million in lost funds. Losses from 110 carpet pulls and phishing scams amount to $75.87 million and $108 million, respectively.
According to Beosin, the losses from hacking incidents between January and June of this year are significantly lower than those in the first and second half of 2022.
“In the first half of 2022, the total loss from attacks was ~$1.91 billion, and in the second half of 2022 about $1.69 billion, while this value fell to $470 million in the first half of 2023.”
Most hacking incidents involved losses between $1 million and $10 million, but one case involved more than $100 million.
“Distribution of loss amount in hacks:
Loss of over $100 million: 1 incident
$10 million to $100 million: 7 incidents
$1 million to $10 million: 23 incidents.”
Beosin says about $215 million, or 45.5% of the stolen assets, has already been recovered.
“On the other hand, only 8% was recovered in 2022.
$113 million in stolen assets were transferred to mixers: $45.38 million to Tornado Cash and $68.14 million to other mixers.
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