Crypto Hacks and Scams Surged by Over 150% in Q3 2023: Report 🔐

Blockchain security platform Immunefi recently published its quarterly industry security report for the third quarter of 2023, revealing that crypto hacks and scams surged by a staggering 153%. This is nearly $700 million lost to hacks and scams in just one quarter.

Key findings:

- The Lazarus Group led the way with over $208 million stolen through various attacks.

- Decentralized finance (DeFi) protocols continue to be prime targets, accounting for roughly 73% of total losses.

- Ethereum projects saw a significant portion of these losses, making up 42.7%.

As attacks on crypto and web3 projects reach record highs, it's crucial for investors to stay vigilant and use robust security measures.

Do you feel more cautious about entering the crypto market now? 👇

#CryptoHacks #BlockchainSecurity #Immunefi