The cryptocurrency industry has now seen its most “damaging” month for crypto thievery, scams and exploits, with crypto criminals walking away with $363 million in November, according to a blockchain security firm.
Around $316.4 million came from exploits alone, flash loans inflicted $45.5 million in damage, and $1.1 million was lost to various exit scams, CertiK stated in a Nov. 30 X (formerly Twitter) post.
Combining all the incidents in November we’ve confirmed ~$363M lost to exploits, hacks and scams
This makes November the most damaging month this year
Exit scams were ~$1.1M
Flash loans were ~$45.5M
Exploits were ~$316.4M
See more details below pic.twitter.com/QoDy6d8IJH
— CertiK Alert (@CertiKAlert) November 30, 2023
The largest exploits in November occurred on Poloniex and HTX/Heco Bridge, with losses of $131.4 million and $113.3 million, respectively.
The third largest exploit was inflicted on a single victim who lost $27 million from a phishing attack.
Meanwhile, the $45 million KyberSwap attack accounted for nearly all damage done for flash loan attacks in the month.
The latest monthly figure has surpassed an earlier record of $329 million, set in September, caused mainly by
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Author: Brayden Lindrea
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