Crypto Hackers Nabbed $409M in Q3: Immunefi
Summary
Hackers stole $409 million in cryptocurrency in the third quarter, with an additional $3 million lost to fraud, marking a 40% decrease from the previous year. The total value locked in decentralized finance (DeFi) is $87.2 billion, presenting significant opportunities for hackers. Most losses were from crypto exchange hacks, notably WazirX losing $235 million and BingX $52 million. DeFi experienced more incidents, while centralized finance (CeFi) faced fewer but more severe attacks. Private key management is a critical issue in CeFi. Ethereum was the most targeted blockchain. Some stolen funds were recovered, including $10 million by Ronin Network and $4.9 million by ShezmuTech.
