CryptoMediaClub
Thursday, July 24, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

October sees a comparative lull in crypto crime with losses of $32.2M: CertiK

31.10.2023
A A
0
126
VIEWS
ShareShare

Web3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million.

Compared to the ten-month total of $1.4 billion, losses in October were approximately a quarter of the running monthly average. January showed the second-lowest losses at $33.7 million. The October statistics were not the result of a steady decline in losses but rather show a lack of major incidents that month. October’s 38 incidents were a quantitative low as well.

Major Web3 incidents in October. Source: CertiKAlert X account

Certik’s third-quarter report indicated the number of incidents in July was 79, falling to 66 in August and 39 in September. Only exit scams were up in October and were four times higher than the low they reached in September. That category reached its yearly high in May when users of a crypto project called Fintoch lost almost $32 million.

Related: Tracking stolen crypto — How blockchain analysis helps recover funds

On the other hand, exploits saw a peak in September, mainly due to the $200 million loss suffered by the Mixin Network when its cloud service provider was breached. July saw the second-highest damage, most of which was attributable to losses by the Multichain MPC bridge.

Caution : Crypto Social Media Scams are on the rise. Many of the methods used have roots in history. The combination of social media's vast reach and cryptocurrency's decentralized, often opaque, nature creates an ideal environment for scammers.
Let’s delve into this topic

— CertiK (@CertiK) October 26, 2023

There are some clear trends in crypto crime. CertiK recently noted the rise of scams using social media. It cited United States Federal Trade Commission data that indicated almost half the cryptocurrency scams in the last 18 months have been tied to social media, which offers a wide variety of opportunities for wrongdoing, from pumping and dumping to pig butchering.

CertiK stated in Q3 that the North Korean Lazarus Group remained the “dominant threat actor.”

Magazine: Should crypto projects ever negotiate with hackers? Probably

Share10Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Circle to phase out consumer accounts, but business and Mint will remain

Circle to phase out consumer accounts, but business and Mint will remain

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Revolut Companions With Pyth Community to Provide Market Knowledge

Revolut Companions With Pyth Community to Provide Market Knowledge

7 months ago
FTX Units Deadline for Pre-Distribution Necessities, Funds More likely to Begin on February

FTX Units Deadline for Pre-Distribution Necessities, Funds More likely to Begin on February

6 months ago
Bitcoin lines up RSI showdown as BTC price slips toward new 2-week low

Bitcoin lines up RSI showdown as BTC price slips toward new 2-week low

2 years ago
Why Is Crypto Up Today? – July 7, 2025

Why Is Crypto Up Today? – July 7, 2025

2 weeks ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Tether Expands Partnership with INHOPE to Combat Online Child Exploitation

Western Union Plans to Integrate Stablecoins Into International Money Transfers

ONDO up 60% in a Month – Can 21Shares ETF Filing trigger $2 Next?

When will Bitcoin reach $1,000,000 per coin and a $20 trillion market cap?

Stablecoin Market Cap Grew by 22% in H1 2025

The GENIUS Act Stimulates the Crypto Market, and IOTA Miner Free Cloud Mining Sparks Discussion

Trending

K-pop Star Park Gyuri of Kara Faces More Crypto Accusations as Ex-Lover’s Trial Continues
All news

K-pop Star Park Gyuri of Kara Faces More Crypto Accusations as Ex-Lover’s Trial Continues

24.07.2025
0

Park Gyuri, a founding member of the K-pop girl group Kara, is facing fresh crypto allegations, days...

Bitcoin Price Prediction: $1 Million BTC Incoming? ‘Digital Gold’ Thesis Backed by Millionaire Analyst Tom Lee

Bitcoin Price Prediction: $1 Million BTC Incoming? ‘Digital Gold’ Thesis Backed by Millionaire Analyst Tom Lee

24.07.2025
Washington State Moves To Forfeit $7.1 Million Worth Of Crypto From International Fraud Scheme

Washington State Moves To Forfeit $7.1 Million Worth Of Crypto From International Fraud Scheme

23.07.2025
Tether Expands Partnership with INHOPE to Combat Online Child Exploitation

Tether Expands Partnership with INHOPE to Combat Online Child Exploitation

23.07.2025
Western Union Plans to Integrate Stablecoins Into International Money Transfers

Western Union Plans to Integrate Stablecoins Into International Money Transfers

23.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz