According to this report, the total hacks across blockchains have increased up to 63%, during the second quarter of 2023 when compared to the activities recorded from the same period last year. While the overall losses went as low as 60%, ImmuneFi notes that the number of hacks has only grown by 65%, with the losses shooting up by 225%.
According to Immunefi’s analysis of the attacks that were launched against DeFi platforms, they lost an overall sum of around $228 million in the second quarter across 79 separate cyber incidents. In comparison, over the course of two instances, centralized platforms lost $37 million.
The firm’s analysis further concluded that most of the losses in cryptocurrency were a result of two specific incidents – the Atomic Wallet Hack of June 3 and the exit scam by the Fintoch platform, which is no longer in use.
Atomic Wallet Hack
The self-custodial wallet – Atomic Wallet – lost a whopping $100 million in crypto allegedly to the North Korea-linked hackers, Lazarus Group. According to the Atomic Wallet team, the threat organization affected “less than 0.
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