Bitcoin
Bitcoin (BTC)
$67,362.00 0.99962
Bitcoin price
Ethereum
Ethereum (ETH)
$3,522.44 0.45407
Ethereum price
BNB
BNB (BNB)
$597.27 1.0577
BNB price
Solana
Solana (SOL)
$173.72 2.33565
Solana price
XRP
XRP (XRP)
$0.5912060 1.5382
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 2.2092
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 -0.01171
Pepe price
Bonk
Bonk (BONK)
$0.0000311 -1.68772
Bonk price
Bitcoin
Bitcoin (BTC)
$67,362.00 0.99962
Bitcoin price
Ethereum
Ethereum (ETH)
$3,522.44 0.45407
Ethereum price
BNB
BNB (BNB)
$597.27 1.0577
BNB price
Solana
Solana (SOL)
$173.72 2.33565
Solana price
XRP
XRP (XRP)
$0.5912060 1.5382
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 2.2092
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 -0.01171
Pepe price
Bonk
Bonk (BONK)
$0.0000311 -1.68772
Bonk price
Bitcoin
Bitcoin (BTC)
$67,362.00 0.99962
Bitcoin price
Ethereum
Ethereum (ETH)
$3,522.44 0.45407
Ethereum price
BNB
BNB (BNB)
$597.27 1.0577
BNB price
Solana
Solana (SOL)
$173.72 2.33565
Solana price
XRP
XRP (XRP)
$0.5912060 1.5382
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 2.2092
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 -0.01171
Pepe price
Bonk
Bonk (BONK)
$0.0000311 -1.68772
Bonk price
Bitcoin
Bitcoin (BTC)
$67,362.00 0.99962
Bitcoin price
Ethereum
Ethereum (ETH)
$3,522.44 0.45407
Ethereum price
BNB
BNB (BNB)
$597.27 1.0577
BNB price
Solana
Solana (SOL)
$173.72 2.33565
Solana price
XRP
XRP (XRP)
$0.5912060 1.5382
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 2.2092
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 -0.01171
Pepe price
Bonk
Bonk (BONK)
$0.0000311 -1.68772
Bonk price

Crypto losses decreased by 85% in October 2023

crypto-losses-decreased-by-85-in-october-2023
Edited by
News
Crypto losses decreased by 85% in October 2023

The crypto losses in October amounted to $51.6 million, an 85% decrease compared to September 2023.

The crypto market in October 2023 suffered over 23 security incidents, such as hacker attacks, phishing scams, and rug pulls, resulting in a total loss of more than $51.6 million worth of crypto, blockchain firm Beosin revealed in a recent report.

According to the firm, despite the multi-million losses, October saw an 85.6% decrease in stolen funds compared to September 2023. Most funds were stolen due to hacker attacks, accounting for approximately $28.3, followed by rug pull incidents with $12 million in lost funds. Phishing scams resulted in about $11.2 million in losses, Beosin added.

As noted by another analytic blockchain firm, CertiK, the largest hack attack in October targeted the Fantom Foundation wallet, which lost around $7 million worth of crypto. Beosin emphasized that incidents related to the Fantom Foundation, Coins.ph, and LostPass had one thing in common: private key compromise.

In total, the crypto industry lost nearly $890 million to hacks, scams, and rug pulls in Q3, 2023. As Beosin analysts earlier noted, over $540.16 million were lost in 43 cyber-attacks per Q3, with almost $283 million and more than $66 million lost in 81 rug pulls and phishing scams, respectively.