Web losses from crypto theft down sharply in Q1 2023 at $322M: Report By Cointelegraph

Crypto hackers and scammers made off with $452 million within the first quarter of 2023, in accordance to a report launched by antivirus and app supplier De.Fi. However that’s each good and dangerous information, as losses have been down from $1.3 billion within the first quarter of 2022. The restoration price was down, too, nonetheless.

In response to the report, almost half of the losses this quarter ($215 million) occurred within the first three weeks of March. The Euler Finance and Bonq DAO exploits have been the quarter’s loss leaders at $196 million and $120 million, respectively. As a result of these exploits, the blockchain suffered the best losses in greenback phrases, despite the fact that Binance outnumbered it 18 incidents to 10.