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Hackers have been increasing their attacks on crypto projects, particularly in the DeFi space, according to a report by Immunefi. The report shows a 63% increase in blockchain hacks in Q2 2023 compared to the same period last year. While total losses have decreased by 60% year-over-year, the number of hacks has increased by 65%, and damage from fraud has spiked by 225%. DeFi platforms have been the primary target, with $228 million in losses resulting from 79 incidents in Q2.
Centralized platforms, on the other hand, lost $37 million in just two crashes. The report highlights notable attacks on Atomic Wallet, where $100 million was allegedly stolen by hackers linked to North Korea's Lazarus Group, and the exit scam of the defunct Fintoch platform, which vanished with nearly $32 million in user funds. Immunefi also notes that certain chains, such as BNB Chain and Ethereum, have been targeted more frequently, accounting for 77% of all losses in the past quarter.
Centralized platforms, on the other hand, lost $37 million in just two crashes. The report highlights notable attacks on Atomic Wallet, where $100 million was allegedly stolen by hackers linked to North Korea's Lazarus Group, and the exit scam of the defunct Fintoch platform, which vanished with nearly $32 million in user funds. Immunefi also notes that certain chains, such as BNB Chain and Ethereum, have been targeted more frequently, accounting for 77% of all losses in the past quarter.