Crypto hackers and scammers made off with $452 million in the first quarter of 2023, according to a report released by antivirus and app provider De.Fi. But that is both good and bad news, as losses were down from $1.3 billion in the first quarter of 2022. The recovery rate was down, too, however.
According to the report, nearly half of the losses this quarter ($215 million) occurred in the first three weeks of March. The Euler Finance and Bonq DAO exploits were the quarter’s loss leaders at $196 million and $120 million, respectively. Due to those exploits, the blockchain suffered the highest losses in dollar terms, even though Binance outnumbered it 18 incidents to 10.
