May’s loss is followed by $274 million lost in July this year.
January, March, and June stand on a similar level, recording a loss between $133.2 million and $141.5 million.
Though not even close to August, February and April also saw lower stolen sums compared to other months this year, sitting at the two ends of the $70 million level.
100% DeFi Hacks
Centralized finance (CeFi) didn’t sit long at the top per the total volume of funds lost.
In August, decentralized finance (DeFi) surpassed it again. What’s more, 100% of funds were lost in DeFi-related attacks.
This means that DeFi alone suffered the $15 million loss across 5 incidents.
There were no reported CeFi incidents in August.
At the same time, we see no fraud, only hacks.
While hacks continued to be the predominant cause of losses compared to fraud, in August, 100% of the total losses and crypto security breaches were hack-related.
This means that the entire $15 million loss and the five incidents were hacks alone.
Unsurprisingly, the most targeted chains in August were Ethereum and BNB Chain.
Ethereum suffered 3 attacks, resulting in 60% of the total losses.
BNB Chain suffered 2 attacks, or 40% of the total losses.
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