Data shows Ethereum suffers biggest losses from carpet pulls and hacks
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According to SlowMist’s latest research report, Ethereum suffered the highest loss, reaching $487 million, followed by Polygon.
According to Slow Mist ReportIn 2023, there were 464 security incidents resulting in losses totaling nearly $2.5 billion. Losses decreased by 34.2% compared to 2022, which saw more than 300 incidents and losses totaling $3.8 billion.
From the perspective of project types, decentralized finance (DeFi) has become the most frequently attacked field, with more than 280 security incidents occurring in 2023, and losses accounting for 60.7% of the total number of incidents.
According to SlowMist Technology, the economic losses caused by these incidents reached US$773 million, a significant year-on-year decrease of 62.7% compared with 2022, when 183 incidents occurred and losses were approximately US$2 billion.
While Ethereum has suffered the highest losses from cryptocurrency scams, scams, and hacks, totaling $487 million, Polygon has also lost millions due to scams and hacks, with losses totaling $123 million.
According to the report, exit scams were the most common cause of losses, involving 110 cases worth approximately $83 million. Next comes the account compromise attack.
As crypto.news reported earlier, the cryptocurrency market lost a total of $2 billion in 2023, a figure that, while high, fell for the first time since 2020. According to De.Fi’s REKT database, at least 455 incidents were recorded in 2023, with the largest hack worth $231 million, initiated by Multichain. Although the total amount was $2 billion, efforts by cybersecurity experts and white hat hackers recovered approximately $200 million from the total amount.
