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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/06\/28\/crypto-hack-scam-losses\/<\/a><\/br> As if the pessimism around crypto wasn\u2019t enough, the industry has historically been hounded by hackers and scammers looking to make a quick buck. To make things worse, it appears tracing and recovering lost funds is now getting harder than ever as attackers use increasingly sophisticated methods.<\/p>\n According to a new report, only $4.9 million was recovered of the $204.3 million the industry lost to hacks, scams and rug pulls in Q2 2023, and that was significantly less than the $6.9 million recovered in Q2 2022. However, the good news is that losses in the second quarter were 55% narrower than in Q1 2023, when the industry lost a whopping $462.3 million to hacks and scams, with the Euler Finance flash loan attack accounting for 42.4% of the first quarter\u2019s losses, REKT\u2019s database showed<\/a>.<\/p>\n The report, by web3 \u201csuper app\u201d and antivirus solution De.Fi with supporting data from the REKT database, detailed that so far this year, the industry had recovered about $183 million, or nearly 28% of the $666.5 million lost to scams and hacks.<\/p>\n
\nCrypto losses halved in Q2 2023 to $204M<\/br>
\n2023-06-28 21:50:10<\/br><\/p>\n