Security Company Reports $1.18 Billion Loss from 60 Crypto Attacks This Year

Security company Blockaid released a report stating that from January 5 to August 5 this year, 60 tracked crypto attacks resulted in a total loss of $1.18 billion, with only $9.8 million returned to victims, accounting for 0.8%. Additionally, $81.4 million was frozen, while $1.04 billion remains unrecovered. The blacklist of stablecoin issuers and exchanges has not recovered any funds. In 16 incidents, the blacklist was available but not activated. Of the $91.2 million that has been recovered or frozen, 99% came from governance and validator measures at the protocol or chain level, such as the Arbitrum Security Council freezing $71 million after the KelpDAO incident. The median time for stolen funds to start moving after an attack was 17 minutes.

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