Beosin: The total losses in the Web3 field due to hacker attacks in the first half of 2024 reached US$1.54 billion

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ODAILY
07-01
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According to Beosin Alert monitoring and early Odaily, the total losses in the Web3 field due to hacker attacks, phishing scams and project party Rug Pulls in the first half of 2024 reached 1.54 billion US dollars. Among them, there were 78 major attacks with a total loss of about 1.193 billion US dollars; 64 project party Rug Pull incidents with a total loss of about 119 million US dollars; the total loss of phishing scams was about 232 million US dollars. In the first half of 2024, there were 3 security incidents with losses exceeding 100 million US dollars. The total loss in May reached 450 million US dollars, which was the month with the highest loss in the first half of 2024. In terms of the types of attacked projects, the type of project with the highest loss was CEX. The 4 attacks on CEX caused a total loss of about 392 million US dollars, accounting for 32.8% of all attack losses. In terms of the loss amount of each chain, Ethereum is still the chain with the highest loss and the most attack incidents. 32 attacks on Ethereum caused a loss of $470 million, accounting for 39.4% of the total losses. In terms of attack methods, there were 22 private key leaks in the first half of the year, causing losses of $894 million, accounting for about 75% of the total attack losses, which is the highest proportion of attack types. In terms of capital flow, about $470 million (39.3%) of stolen funds were frozen or recovered. This ratio has increased significantly compared to 2023. Of the 78 attacks in the first half of the year, 43 still came from contract vulnerability exploits. It is recommended that project parties seek audits from professional security companies before going online.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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