Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report

The report highlighted that over $699 million in crypto possessions were lost in the quarter, exceeding the first-quarter losses of $320 million and the second-quarter losses of $313 million. According to the report, the Multichain event, where private keys were under the special control of the projects CEO, led to a loss of $125 million. The report highlighted that there were an overall of 93 exit rip-off occurrences in the quarter, taking more than $55 million in digital possessions.

The report highlighted that over $699 million in crypto possessions were lost in the quarter, exceeding the first-quarter losses of $320 million and the second-quarter losses of $313 million. According to the report, the Multichain occurrence, where personal keys were under the unique control of the jobs CEO, led to a loss of $125 million. The report highlighted that there were a total of 93 exit scam occurrences in the quarter, taking more than $55 million in digital properties.