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
Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more
Solana treasury company SOLAI Limited (formerly BIT Mining) said shareholders approved a capital reset that leaves it with 100 bil...
MSTR has lost 75% of its value since STRC began trading
Bitcoin treasury company Strategy diluted shareholders of MSTR, the company’s common stock, by $333.7 million last week and bought...
Strategy raised $334 million from MSTR shareholders last week — Bitcoin got none of it
Strategy (formerly MicroStrategy) directed all $333.7 million raised from common-stock sales last week toward preferred-stock obli...
Bitcoin (BTC) Price Prediction: $66,400 Breakout Could End Months of Range-Bound Trading
The market’s next major directional signal could come from a break of the $62,200-$66,400 range, as Bitcoin continues to consolida...
Jane Street Reveals Nearly $1B Bitcoin Position
Bitcoin Magazine Jane Street Reveals Nearly $1B Bitcoin Position Quantitative trading firm and liquidity provider Jane Street has...
Will Mark Cuban eat his words with his newest crypto prediction?
On Saturday afternoon, Mark Cuban posted another crypto prediction, “Chips as an asset class will be the new crypto.” Within a day...