Web3 Lost Over $53 Million to Hackers in April 2024, $401 Million YTD – Immunefi

Web3 Lost Over $fifty three Million to Hackers in April 2024, $401 Million YTD – Immunefi

In April 2024, Web3 seen a loss of over $fifty three million to hackers all over 21 incidents, a 46% decrease when in contrast with the old interval, came in all places in the most unique narrative by the crypto-focused trojan horse bounty platform Immunefi.

To be more honest, $fifty three,074,827 turned into lost to hacks and frauds this past month.

Notably, in April 2023, this amount stood vastly larger, at $98,610,392.

The assault on Hedgey Finance accounts for most of the past month’s loss: $44.6 million turned into stolen.

This demonstrates that decentralized finance (DeFi) is silent the key focal point for exploiters.

Other excessive-profile exploits embody Mighty Sinister ($2 million) and Wilder token ($1.4 million).

Centralized finance (CeFi) seen no attacks in April.

Ethereum is the Most valuable Aim for Web3 Hackers

Hacks are unsurprisingly the key reason in the motivate of losses in contrast with fraud, accounting for more than $50 million all over 12 incidents in April.

At the identical time, fraudsters stole correct above $3 million in 9 incidents.

Ethereum and BNB were the first targets again last month.

Ethereum seen 15 attacks and 57.7% of all losses all over chains.

BNB suffered six attacks, representing 23.1% of total losses.

Arbitrum recorded two incidents, whereas Optimism, Polygon, and Solana witnessed one incident each and every.

YTD Lower

Total, to this point this year, the total losses year-to-date (YTD) approach up to $401,326,044.

Here’s a decrease of 25% when in contrast with the identical interval last year, which recorded $536.1 million.

Also, there turned into a important decrease in April 2024 in contrast with the month prior.

March 2024 recorded $133,235,200, falling to $fifty three million in April.

Within the intervening time, the team mentioned that Immunefi offers over $157 million in bounty rewards.

Up to now, it has paid out more than $95 million in bounties and saved $25 billion in particular person funds.

Source : cryptonews.com