Krutika Adani
The $235 million loss in WazirX was the single largest loss to have occurred in this third quarter.
Centralized exchanges were at a greater risk of monetary losses when attacks took place.
Though CeFi attacks bled more, it was DeFi that was more frequently attacked in the third quarter.
There has been an 86% reduction in fraud activity in Q3, 2024 ($3.08 million) as compared to Q3, 2023($22.66 million).
Ethereum represented 44% share in hacks with the blockchain facing 15 out of the 33 hacks in the third quarter.