Web3 Lost Nearly $4 Billion To Fraudsters Last Year - Will Things Improve in 2023
The crypto industry lost approximately $4 Billion worth of digital assets to hacks, fraud, scams, and rug pulls last year, a more than 50% decline compared to over $8 billion stolen in 2021. According to a recent report...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a recent report by Immunefi, a bug bounty and security services platform for the Web3 ecosystem, the crypto space lost $3,9 billion in 2022, with five major exploits totaling $2,361,000,000 alone, accounting for 59.8% of all losses in the year. ...
Read More: Web3 Lost Nearly $4 Billion To Fraudsters Last Year - Will Things Improve in 2023
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin crashes through $81,000 buy wall as $1 billion crypto liquidation bloodbath unfolds
Bitcoin registered an intraday low near $80,000 as a cryptocurrency selloff triggered over $1 billion in liquidations, overwhelmin...
Why XRP’s 63 billion circulating tokens don’t tell buyers what’s for sale
For XRP buyers, available supply depends on the price they are willing to pay. The token's roughly 63.09 billion circulating suppl...
U.S. Government Sends $1 Billion in Seized Bitfinex Bitcoin to Unlabeled Wallets
A wallet holding bitcoin stolen in the 2016 Bitfinex hack sent 12,267 BTC, worth about $1.01 billion, to new addresses on Thursday...
US government moves another $1 billion in Bitcoin as BTC slides $4,000
US government-linked wallets moved over $1 billion in Bitcoin on Oct. 8 as BTC prices fell and more coins reached Coinbase Prime....
Vitalik Warns AI Math Could Threaten Crypto Keys Before Quantum Computing Arrives
Key Takeaways: Vitalik Buterin states that the rise of today’s cryptography is outpaced by AI-accelerated mathematics. In addition...
IMF Flags $300T Tokenization Gap, Warns 24/7 Markets Could Amplify Market Risks
Key Takeaways: About $300 billion – $350 billion are traded in tokenized repos every day, which remains significantly smaller than...