In August 2023, malicious actors targeting the crypto space took more than $45 million in digital assets from their victims, and a total of $997 million year-to-date (YTD), as reported by blockchain security firm CertiK.
The losses in August included $26 million from exit scams, $6.4 million from flash loan attacks, and $13.5 million from exploits. Some major incidents that contributed to the amount lost include the Zunami Protocol attack ($2.2 million), Exactly Protocol exploit ($7.3 million), and the PEPE withdrawal incident ($13.2 million).
According to CertiK, the total losses in 2023 so far include around $261 million lost to flash loan attacks, over $137 million lost to exit scams, and more than $596 million lost to exploits. Despite the high losses in August, the amount is significantly lower compared to July 2023, which recorded around $486 million in total losses, with the Multichain exploit contributing about $231 million.
Multichain officially halted its operations on July 14, citing a lack of funding for operations and alternative sources of information as the reasons for its shutdown. The team was also unable to contact the CEO since he was taken into custody by Chinese authorities.
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