Exploits, hacks and scams stole almost $1B in 2023: Report

Malicious actors targeting the crypto space have taken more than $45 million in digital assets from their victims in the month of August alone and a total of $997 million year-to-date (YTD), according to a report shared by the blockchain security firm CertiK.

In the report, CertiK

While the losses in August are still high, the amount is significantly lower compared to the losses incurred in the previous month. In July 2023, around $486 million in total losses were recorded by Web3 data outlet De.Fi, with the Multichain exploit alone contributing around $231 million to the total amount lost.

With various factors at play, Multichain officially announced the halting of its operations on July 14. The team cited a lack of funding for operations and a lack of alternative sources of information as the reasons for its shutdown. According to the team, it was unable to contact the CEO since he was taken into custody by Chinese authorities.

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