Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: NancyDeep on April 08, 2023, 08:01:00 AM
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BNB Chain had the most incidents during the quarter, while Ethereum saw the largest amount lost.
Hackers were able to gain access to more than $320 million in the first quarter of 2023 alone, according to on-chain data consolidated by blockchain security firm CertiK in its quarterly report.
The losses were significantly lower than in 2022’s first and fourth quarters, when hackers took around $1.3 billion and $950 million, respectively. According to CertiK, the low amount of losses may be linked to events happening off-chain that had an impact on the crypto industry as a whole, such as the issues with Silvergate Bank and the depegging of USD Coin
USDC at the height of the Silicon Valley Bank collapse.
Out of the funds stolen within the quarter, over $31 million was lost to 90 exit scams, while more than $222 million was lost in 52 flash loan and oracle manipulation exploits. Regarding incidents and the amount lost per blockchain, CertiK highlighted that BNB Chain had 139 incidents, the greatest number for the quarter. Meanwhile, despite having fewer incidents, Ethereum had $221 million in losses, the most lost in Q1 2023.