Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Beosin: Total losses in the Web3 sector reached $730 million in Q3 2024

Beosin: Total losses in the Web3 sector reached $730 million in Q3 2024

Bitget2024/09/29 03:09

According to Golden Finance, Beosin Alert's monitoring and warning system shows that as of September 25th, the total losses in the Web3 field due to hacking attacks, phishing scams, and project-side Rug Pulls reached $730 million in Q3 2024. Among them, there were 23 major attack incidents with a total loss of about $430 million; three Rug Pull events by project parties resulted in a total loss of approximately $4.24 million; phishing scams caused a total loss of about $295 million.

Looking at the types of projects attacked, CEX was the type with the highest losses. Three attacks on CEX resulted in a loss of approximately $297 million, accounting for about 40.6% of all attack losses. In terms of chain-specific losses, Ethereum remains the chain with the highest amount lost and most frequent attacks. Twenty-one attacks and phishing incidents on Ethereum led to a loss of $348 million or roughly 47.6% percent overall damage done from these activities.

In terms of attack methods used during Q3 alone five private key leakage incidents occurred causing damages up to around $305 million which is nearly 41.7% percent out off all attack-related financial damages making it one among those highly occurring types.

From where funds are flowing only an estimated amount close to around just over sixteen point nine ($16.9) millions dollars worth stolen funds have been frozen or recovered while majority (approximately78 .9%) still remain stored within attacker's blockchain addresses.

Compared with same period last year i.e., Q3-2023 this year’s third quarter saw slight decrease reaching seven hundred thirty ($730) millions dollars (Q3-2023 figure stood at eight hundred eighty-nine ($889) millions dollars).

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!