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

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According to a June 27 report from De.Fi, an app portfolio specialized on Web3, decentralized finance (DeFi) experienced a loss of more than of $204 million in the second quarter of 2023. Partially based off the “Rekt Database” from De.Fi, the report was entitled “Q2 De.Fi Rekt Report”. Of the original amount, $4.5 million was recuperated through the implementation of various steps such as the pursuit of prosecutions or responding to hackers. In comparison to the same quarter of the prior year, the quantity of DeFi hacks escalated by nearly 7 times, with 107 incidents in the timeframe. Over the first half of 2023, $665 million was detached. In the top five recognized hacks, Atomic Wallet allegedly suffered a $35 million loss on June 3, and Fintoch endured a cose of $30.6 million from its supposed rug-pull con.Furthermore, additionally constituting almost 17 percent of the total, MEV-Boost attack triggered a shortage amounting to approximately $26.1 million. Combining the 3 beats accounted for approximately 45 percent of the total deficits during Q2.
The report even focused on the interest categories of downfalls published, citing that direct charge issues came to a heavy total of $75.8 million, explaining 25% of the totals downfall . Apart from this, produces amounted a horrendous $55.3 million and $47.3 million were reduced via rug-lifts or escape cons in Q2 also The certik publication from April, precise as to report noting that earlier from January to Marches the losses from DeFi hacks and muggings went past$320 million.

Robert Wilson author
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