Digital assets worth just over $343 million were stolen from digital asset platforms in November alone. Centralized exchanges accounted for 53.8% of the total losses, with decentralized exchange platforms accounting for the remainder. The 34 attacks on BNB Chain and Ethereum represented 83% of the total losses across targeted chains.
Highest Monthly Loss to Date
“In November, digital assets worth $343,038,810 were siphoned from both centralized and decentralized exchanges, according to a new report by Immunefi. The figure includes digital assets stolen via hacks and fraud, making it the “highest monthly loss witnessed this year to date.” For perspective, nearly $22.2 million (15.4 less) was lost to similar incidents.
The data also shows that November is the third time in 2023 that losses suffered by digital assets platforms have exceeded $300 million. The other months are July ($320.5 million) and September ($340.4 million). The $21 million siphoned in January is the lowest incurred so far this year.
Immunefi’s November report reveals that the amount stolen in the past month brings the total value of digital assets fleeced in 2023 to $1,753,707,812. Centralized exchanges accounted for 53.8% of the total losses, with decentralized exchange platforms accounting for the remainder. Some of the high-profile breaches seen in that month include attacks on Poloniex, HTX Exchange, Kronos Research, and Kyber Network.
Most Attacks on BNB Chain and Ethereum
According to a new report by Immunefi, hacks were the predominant cause of digital asset losses in November 2023, accounting for $335,574,150. The report also highlights that the most targeted chains in November 2023 were BNB Chain and Ethereum, which represented more than half of the total losses across targeted chains at 83%.
The report further reveals that BNB Chain had as many as 22 individual attacks, which represents 53.7% of the total losses. The Ethereum network witnessed 12 incidents or 29.3% of the total losses. Three attacks on Arbtrum represent 7.3% of the losses, while Optimism, Avalanche, Fantom, and Heco Chain had one.
What are your thoughts on this story? Let us know what you think in the comments section below.
Source: Bitcoin
