Crypto Losses Up 59% in Q3 From Cyberattacks
The cryptocurrency sector has increasingly become a prime target for hackers in recent years. According to a report submitted by bug bounty and security services platform Immunefi, the Web3 space suffered a total loss wo...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a report submitted by bug bounty and security services platform Immunefi, the Web3 space suffered a total loss worth over $685 million in Q3, 2023.
This significant loss increase is particularly alarming given that losses suffered from hacks and frauds were over $428 million in Q2 this year....
Read More: Crypto Losses Up 59% in Q3 From Cyberattacks
Why this matters
This cryptocurrency 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
Losses Top $115M In Coldcard Bitcoin Hack: Galaxy Research
Bitcoin Magazine Losses Top $115M In Coldcard Bitcoin Hack: Galaxy Research New data from Galaxy Research shows that $115 million...
Cboe pushes for 3x Bitcoin and Ethereum ETFs after 2x crypto funds suffer losses of up to 96%
Cboe BZX is asking the Securities and Exchange Commission (SEC) for an exception to its own generic listing rules so it can list f...
Bitdeer Mines 2,694 BTC in Q2 as Revenue Jumps 47% to $228.8M Despite Losses
Key Takeaways: Bitdeer mined 2694 BTC in Q2, almost five times as much a year ago. The revenue rose by 47% to $228.8 million, and...
Trump Media pivots away from Bitcoin after $360M in digital asset losses
Trump Media's crypto losses highlight the risks of volatile digital assets, prompting a strategic shift towards stabilizing core b...
This Nasdaq-listed Bitcoin treasury diluted shareholders 18-fold to survive a $212 million crypto loss without selling its stash
GD Culture Group reported a $211.8 million first-half unrealized Bitcoin loss on its holdings while its split-adjusted share count...
Bitmine nears 5% of Ethereum supply despite $8.4B in unrealized losses
Tom Lee’s Ethereum treasury company keeps buying the second-biggest crypto through the downturn, while more than 5 million staked...