In 2023, cryptocurrency users faced approximately $2 billion in losses due to scams, rug pulls, and hacks, marking a significant decrease from the previous year. This reduction is attributed to enhanced security protocols, heightened community awareness, and a general decrease in market activity. The total losses, when factoring in collapses like Terraform Labs, Celsius, and FTX, amounted to $40 billion. The drop aligns with a bear market, where major alternative tokens saw significant declines before a recent recovery. Recovery rates improved to around 10%, up from 2% in 2022. Ethereum suffered the highest losses, losing $1.35 billion in approximately 170 incidents, emphasizing its attractiveness to malicious actors. BNB Chain, zkSync Era, and Solana also experienced notable losses. Centralized platforms accounted for $256 million in losses, with Poloniex’s November attack being the largest, resulting in a $122 million loss. Access control exploits were the most damaging method, causing losses of over $852 million in 29 instances by exploiting weaknesses in smart contract or platform permissions and access rights.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}