Express

Report: Over $204M Was Lost in DeFi Hacks and Scams in Q2

Katie Lin

Summary: According to a recent report released by Web3 portfolio app De.Fi, decentralized finance (DeFi) hacks and scams in the second quarter of 2023 have resulted in over $204 million in losses. Compared to the same period last year, the number of DeFi hacking incidents in the second quarter has grown nearly sevenfold, totaling 117 cases. The ...

According to a recent report released by Web3 portfolio app De.Fi, decentralized finance (DeFi) hacks and scams in the second quarter of 2023 have resulted in over $204 million in losses. Compared to the same period last year, the number of DeFi hacking incidents in the second quarter has grown nearly sevenfold, totaling 117 cases. The main causes were "access control issues" and exploits, resulting in a total loss of $131.1 million. However, when compared to the first quarter, second quarter losses from DeFi hacks and scams have decreased.

Author: Katie Lin

Last Update:

Tags: ,,
Link: Report: Over $204M Was Lost in DeFi Hacks and Scams in Q2   [Copy]
Next:

Related Articles

  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 2 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 3 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 4 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 6 days ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 7 days ago

    • You need to login to comment.