The scale of losses suffered by crypto projects from hacker attacks has been revealed

According to analysts, most often hackers stole cryptocurrency through wallet compromises: this resulted in losses of $16.6 million. In second place is price manipulation, which caused investors to lose $11.4 million in digital currency. An additional $8.6 million was stolen through phishing attacks. Moreover, exploiting code vulnerabilities, malicious actors withdrew $5.1 million, and scams involving project shutdowns brought criminals an extra $2.1 million, CertiK reported. "Address poisoning" schemes and "wallet draining" (wallet drainer) brought hackers $2.7 million.

The greatest damage was inflicted on YieldBlox and Instadapp projects — $10.6 million and $10.5 million respectively. Next are EFX and IoTeX with losses of $8.9 million each. Additionally, Kasm was robbed of $2.2 million, Foom of $2.3 million, and Initia of $2.1 million. The CryptoFarm project faced two attacks simultaneously — total losses reached $2.7 million. UCC and Hedgehog were robbed of $400 000 each, Lending and SEI Token of $200 000 each.

The largest losses were borne by DeFi protocols ($14.4 million), followed by projects related to AI ($8.9 million), gaming and gambling platforms ($2.3 million). At the same time, in February, about 30% of the total losses — approximately $11.3 million — was frozen or recovered, CertiK reported.

Earlier, the US Department of Justice announced the freezing and confiscation of cryptocurrencies worth more than $580 million. These funds are linked to Chinese criminal organizations, American officials claim.