{"id":82427,"date":"2023-07-31T17:49:27","date_gmt":"2023-07-31T14:49:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82427"},"modified":"2025-09-12T04:56:04","modified_gmt":"2025-09-12T01:56:04","slug":"crypto-industry-lost-303m-in-july-due-to-hackers","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-industry-lost-303m-in-july-due-to-hackers\/","title":{"rendered":"Crypto industry lost $303m in July due to hackers"},"content":{"rendered":"

In July, cryptocurrency traders lost digital assets worth $303 million due to exploits and hacking attacks, according to CertiK experts.<\/p>\n

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Data: X<\/a>.<\/figcaption><\/figure>\n

In terms of total losses, the largest incident of the past month was the withdrawal of funds from the cross-chain protocol Multichain<\/a> 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<\/a>, the platform ceased operations.<\/p>\n

The latest major hack was the attack on Curve Finance’s stablecoin pools on the DEX<\/span> Curve Finance<\/a> through exploitation of a vulnerability in the Vyper code. The exchange lost digital assets worth about $52 million, according to CertiK’s report.<\/p>\n

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<\/a>, from which 1,700 ETH ($3.26 million) were withdrawn.<\/p>\n

The damage from exit scams amounted to about $8.6 million.<\/p>\n

As reported by PeckShield, from January to June 2023 the cryptocurrency industry faced at least 395 breaches, losing about about $479.4 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

During July, cryptocurrency traders lost digital assets worth $303 million due to exploits and hacking attacks.<\/p>\n","protected":false},"author":1,"featured_media":82428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1301,1204,44],"class_list":["post-82427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-vulnerabilities","tag-certik","tag-cybercrime"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=82427"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82427\/revisions"}],"predecessor-version":[{"id":82429,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82427\/revisions\/82429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/82428"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}