Over $204M was lost in Q2 DeFi hacks and scams: Report

Cointelegraph
Cointelegraph

27 Jun 2023 6:00 PM

More than a quarter of lost funds were due to “access control” issues, with exploits and rugpulls being the second and third most common causes....

  • Over $204 million was lost in DeFi hacks and scams in Q2 2023.
  • The number of DeFi hacks in Q2 rose by almost 7 times year-over-year, with 117 incidents during the period compared with only 17 in the same quarter of 2022.
  • The top five hacks of the second quarter were against Atomic Wallet, Fintoch, MEV-Boost, Bitrue and GDAC.
  • The most common cause of losses was "access control issues," responsible for $75.8 million of losses, or a quarter of the total.
  • Losses from DeFi hacks and scams were actually smaller in Q2 than in Q1.

The article reports on the significant losses incurred due to DeFi hacks and scams in Q2 2023. The tone is informative and neutral.

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How much money was lost in DeFi hacks and scams in Q2 2023?How many DeFi hacks were reported in Q2 2023 compared to the same quarter in 2022?What were the top five hacks in Q2 2023?What was the most common cause of losses in DeFi hacks and scams in Q2 2023?Were losses from DeFi hacks and scams in Q2 2023 higher or lower than in Q1?

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