The crypto industry lost $343 million due to 296 hacking and fraud incidents in November

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MarsBit
11-30
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According to Mars Finance news, according to the latest report from Web3 bug bounty platform Immunefi, the encryption industry lost more than $343 million due to hacking attacks and fraud cases in November 2023, setting a record for the highest loss in a single month this year. Compared with October’s loss of approximately $22 million, the amount of losses increased by more than 15 times in November.

According to Immunefi, cryptocurrency hacking and rug pulls have caused more than $1.75 billion in losses so far this year, involving 296 incidents. What is particularly noteworthy this month is that the focus of crypto attacks has shifted from DeFi platforms to CeFi platforms. In November, CeFi platforms became the main victims, accounting for 53.8% of the total losses, approximately $184.4 million, while DeFi accounted for 46.2%, approximately $158.6 million.

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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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