Digital Assets Worth $343M Stolen From Crypto Exchange Platforms in November — Study

Digital property value simply over $343 million had been stolen from digital asset platforms in November alone. Centralized exchanges accounted for 53.8% of the overall losses, with decentralized change platforms accounting for the rest. The 34 assaults on BNB Chain and Ethereum represented 83% of the overall losses throughout focused chains.

Highest Monthly Loss to Date

“In November, digital property value $343,038,810 had been siphoned from each centralized and decentralized exchanges, in response to a brand new report by Immunefi. The determine consists of digital property stolen through hacks and fraud, making it the “highest month-to-month loss witnessed this yr thus far.” For perspective, almost $22.2 million (15.4 much less) was misplaced to comparable incidents.

The information additionally reveals that November is the third time in 2023 that losses suffered by digital property platforms have exceeded $300 million. The different months are July ($320.5 million) and September ($340.4 million). The $21 million siphoned in January is the bottom incurred up to now this yr.

Immunefi’s November report reveals that the quantity stolen previously month brings the overall worth of digital property fleeced in 2023 to $1,753,707,812. Centralized exchanges accounted for 53.8% of the overall losses, with decentralized change platforms accounting for the rest. Some of the high-profile breaches seen in that month embrace assaults on Poloniex, HTX Exchange, Kronos Research, and Kyber Network.

Most Attacks on BNB Chain and Ethereum

According to a brand new report by Immunefi, hacks had been the predominant reason for digital asset losses in November 2023, accounting for $335,574,150. The report additionally highlights that essentially the most focused chains in November 2023 had been BNB Chain and Ethereum, which represented greater than half of the overall losses throughout focused chains at 83%.

The report additional reveals that BNB Chain had as many as 22 particular person assaults, which represents 53.7% of the overall losses. The Ethereum community witnessed 12 incidents or 29.3% of the overall losses. Three assaults on Arbtrum symbolize 7.3% of the losses, whereas Optimism, Avalanche, Fantom, and Heco Chain had one.

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