In July, cryptocurrency traders lost digital assets worth $303 million due to exploits and hacking attacks, according to CertiK experts.
In terms of total losses, the largest incident of the past month was the withdrawal of funds from the cross-chain protocol Multichain due to technical glitches. The project lost, according to CertiK’s estimates, about $125 million in various assets. After the arrest of CEO Zhao Jun, the platform ceased operations.
The latest major hack was the attack on Curve Finance’s stablecoin pools on the DEX Curve Finance through exploitation of a vulnerability in the Vyper code. The exchange lost digital assets worth about $52 million, according to CertiK’s report.
Flash loan abuses in July yielded attackers about $8.7 million. One example of such attacks was the incident with the DeFi protocol Conic Finance, from which 1,700 ETH ($3.26 million) were withdrawn.
The damage from exit scams amounted to about $8.6 million.
As reported by PeckShield, from January to June 2023 the cryptocurrency industry faced at least 395 breaches, losing about about $479.4 million.