Beosin: In Q1 2024, the total losses in the Web3 sector due to hacking attacks, phishing scams, and rug pulls exceeded $778 million

ChainCatcher news, according to Beosin Alert monitoring and early warning, the total loss in the Web3 sector due to hacker attacks, phishing scams, and project Rug Pulls reached 778 million USD in the first quarter of 2024. Among them, there were 39 major attack incidents with a total loss of approximately 617 million USD; 43 project Rug Pull incidents with a total loss of about 75.5 million USD; and phishing scams with a total loss of approximately 86.24 million USD.

The total loss in the first quarter of 2024 was about 778 million USD, a year-on-year increase of approximately 126% and a quarter-on-quarter increase of about 72%. The losses from hacker attacks were higher than any quarter in 2023. The total loss in February reached 422 million USD, making it the month with the highest loss in the first quarter of 2024.

In terms of the types of attacked projects, gaming platforms have become the project type with the highest loss amount for the first time. Six attacks on Web3 gaming platforms caused a total loss of 365 million USD, accounting for 59% of all attack losses. In terms of loss amounts across chains, Ethereum remains the chain with the highest loss amount and the most attack incidents. Eighteen attack incidents on Ethereum resulted in a loss of 342 million USD, accounting for 55.4% of the total loss.

In terms of attack methods, there were 13 private key leakage incidents this quarter, resulting in losses of 458 million USD, which accounted for 74.3% of the total attack losses, making it the highest proportion attack type. According to Beosin KYT anti-money laundering analysis platform monitoring, in terms of fund flow, most of the stolen assets this quarter were frozen and recovered. Approximately 303 million USD (49.2%) of the stolen funds were frozen, and 79.45 million USD (12.9%) of the stolen funds were recovered. In terms of audit status, the proportion of audited project parties among the attacked projects has increased.