Crypto industry sees Q2 2023 losses shrink to $204M, recovery of stolen funds becoming tougher

  • Despite a decrease in losses, $204.3M was lost in Q2 2023 due to hacks, scams, and ‘rug pulls’, with only $4.9M recovered.
  • Losses in Q2 2023 were 55% narrower compared to Q1 2023 which saw a loss of $462.3M.
  • Report names Atomic Wallet, Fintoch, and MEV Boost’s exploits as the three major cases contributing to almost half of the total losses.
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