In the period from April to June, as a result of hacker attacks and fraud, the crypto industry lost ~$572.7 million during 72 incidents, according to the Immunefi report.
Damage from scams and hacks in the second quarter. Data: Immunefi.The figure increased by 70.3% compared to $336 million in the first quarter and by 112% compared to the same period last year ($265.5 million).
"This quarter highlights how infrastructure hacks can become the most destructive in the crypto industry, as a single hack leads to millions in damage. [...] losses increased mainly due to break-ins of the CeFi infrastructure, surpassing DeFi, despite fewer incidents in the sector. Robust measures to protect the entire ecosystem are crucial," said Mitchell Amador, founder and CEO of Immunefi.
The largest hack over the past three months was an attack on the Japanese centralized exchange (CEX) DMM Bitcoin, as a result of which hackers withdrew about $ 305 million.
Top 10 hacks in terms of stolen funds. Data: Immunefi.This is followed by the incident with the Turkish CEX BtcTurk ($55 million), the attack on the Hedgey token trading platform ($44.6 million) and the hacking of the British Lykke crypto exchange ($23.6 million).
Thus, the two largest incidents account for 62.8% of the total losses in the second quarter.
The number of hacks significantly exceeds the number of fraud cases in these three months. During the quarter, 53 hacking incidents were recorded with damage of $564 million and 19 scam incidents resulting in losses of $8.4 million.
The ratio of losses between CeFi and DeFi is 70% to 30%, respectively — $401 million versus $171 million.
Ethereum became the most attacked network (34 incidents), BNB Chain took the second place (18) — 71% of all incidents in this quarter occurred in two blockchains.
The number of security incidents in blockchains in the second quarter. Data: Immunefi.Analysts also recorded four cases of hackers returning funds totaling $26.7 million.
Funds returned by white hackers in the second quarter. Data: Immunefi.Earlier, researchers from Mailsuite found out that scammers are more likely to choose Coinbase among crypto brands from the United States. From January 2020 to March 2024, the exchange's trademark was used in 416 fraudulent schemes and phishing attacks.
Recall that in June, $11.1 million in several cryptocurrencies was stolen from a MakerDAO delegate.