Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi

Only $23 million, or 3.3% of overall losses, came from these types of events, whereas the staying 96.7% came from hacks or exploits. The report specified that decentralized financing (DeFi) hacks accounted for 72.9% of total losses, while centralized services accounted for only 27.1% of make use of losses. Ethereum represented 42.7% of losses, while BNB Chain represented 30.5%.

Just $23 million, or 3.3% of total losses, came from these types of occurrences, whereas the remaining 96.7% came from exploits or hacks. The report mentioned that decentralized financing (DeFi) hacks accounted for 72.9% of overall losses, while central services accounted for only 27.1% of make use of losses. Ethereum represented 42.7% of losses, while BNB Chain represented 30.5%.