Exploits, hacks and scams stole almost $1B in 2023: Report

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Exploits, hacks and scams stole almost $1B in 2023: Report
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More than $45 million were lost to various incidents in the month of August alone, which is significantly lower than losses in July which amounted to around $486 million.

Malicious actors targeting the crypto space have taken more than $45 million in digital assets from their victims in the month of August alone and a total of $997 million year-to-date , according to a report shared by the blockchain security firm CertiK.

that exit scams took around $26 million, flash loan attacks took $6.4 million and exploits took $13.5 million from their victims in August 2023. The cybersecurity firm confirmed that the total losses amounted to over $45 million.CertiK pointed out that some of the major incidents that contributed to the amount lost include the

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