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

Digital assets worthy conscionable implicit $343 cardinal were stolen from integer plus platforms successful November alone. Centralized exchanges accounted for 53.8% of the full losses, with decentralized speech platforms accounting for the remainder. The 34 attacks connected BNB Chain and Ethereum represented 83% of the full losses crossed targeted chains.

Highest Monthly Loss to Date

“In November, integer assets worthy $343,038,810 were siphoned from some centralized and decentralized exchanges, according to a caller report by Immunefi. The fig includes integer assets stolen via hacks and fraud, making it the “highest monthly nonaccomplishment witnessed this twelvemonth to date.” For perspective, astir $22.2 cardinal (15.4 less) was mislaid to akin incidents.

The information besides shows that November is the 3rd clip successful 2023 that losses suffered by integer assets platforms person exceeded $300 million. The different months are July ($320.5 million) and September ($340.4 million). The $21 cardinal siphoned successful January is the lowest incurred truthful acold this year.

Immunefi’s November study reveals that the magnitude stolen successful the past period brings the full worth of integer assets fleeced successful 2023 to $1,753,707,812. Centralized exchanges accounted for 53.8% of the full losses, with decentralized speech platforms accounting for the remainder. Some of the high-profile breaches seen successful that period see attacks connected Poloniex, HTX Exchange, Kronos Research, and Kyber Network.

Most Attacks connected BNB Chain and Ethereum

According to a caller study by Immunefi, hacks were the predominant origin of integer plus losses successful November 2023, accounting for $335,574,150. The study besides highlights that the astir targeted chains successful November 2023 were BNB Chain and Ethereum, which represented much than fractional of the full losses crossed targeted chains astatine 83%.

The study further reveals that BNB Chain had arsenic galore arsenic 22 idiosyncratic attacks, which represents 53.7% of the full losses. The Ethereum web witnessed 12 incidents oregon 29.3% of the full losses. Three attacks connected Arbtrum correspond 7.3% of the losses, portion Optimism, Avalanche, Fantom, and Heco Chain had one.

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