With insights from the quarterly report of CertiK, a blockchain security firm, more than $300 million in digital assets were lost during cryptocurrency hacks and exploits in the second quarter of 2023, according to on-chain data compiled at CertiK, Cointelegraph reported.
The sources revealed that Cirtec showed the occurrence of about 212 security incidents in the second quarter. It is also expected that, across the incidents, hackers drained about $313,566,528 from Web3.0 protocols. Cointelegraph added that when the hacks and exploits resulted in a loss of about $745 million, the security firm noted that there was a 58% decrease in the total amount lost compared to the second quarter of 2022.
According to Cointelegraph, in the second quarter, there were about 54 flash loans and oracle manipulation attacks. That ultimately resulted in losses of about $23 million, which is an 89% decrease compared to the first quarter.
Furthermore, CertiK highlighted that of all the blockchain companies analyzed, BNB chain had the highest number of incidents, with around 119 incidents resulting in a loss of $70,711,385, Cointelegraph concluded.
(With insights from Cointelegraph)
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