Crypto exploits surge to record $329.8 million in September 2023. Martin Schmidt shares key insights and strategies to enhance on-chain project security and reduce the risk of exploits.
Browsing: Cryptocurrency Hacks
During Q3 2023, the industry experienced a sharp increase in attacks, with a 153% surge in single incidents compared to the same period last year, soaring from 30 to 76.
In light of the recent Euler hack amounting to nearly $200M, this analysis by Spool, lifts the hood on some of the highly problematic connections between Euler, and others, particularly Idle Finance and Harvest Finance, and provides an interesting risk analysis of the situation.
The crypto industry lost $3.9 billion in 2022 due to hacks, frauds, scams, and rug pulls, according to the report ‘Crypto Losses in 2022’ by Immunefi.…
Network facilitates real-time communication between law enforcement and crypto platforms during hacks and other critical incidents.