What the numbers say: Web3 portfolio app De.Fi's recent report has shown that over $204.3M funds were lost during Q2 in the hacks and scams targeting decentralized finance (DeFi) platforms, as opposed to $4.5M recovered. The figure accounts for a seven-time increase compared to the same period in 2022. The DeFi attacks in Q2 also took the total amount of loss in H1 to over $665M. De.Fi said the most common cause of losses is access control issues, responsible for $75.8M lost.
Relevance: On the other hand, the total amount of loss declined compared to Q1 of the year. In early April, blockchain security firm CertiK reported that hackers stole over $320M in Q1 alone. The loss amount showed a nearly $115M decrease in Q2 from the first three-month period of 2023.
Brands that should care: De.Fi's data also revealed that the top five hacks of Q2 by loss targeted Atomic Wallet, Fintoch, MEV-Boost, Bitrue, and GDAC. These platforms experienced losses of $35M, $30.6M, $26.1M, $23M, and $14M, respectively. Besides, the losses in these attacks accounted for more than half of the total loss in Q2.