Over $204 million was lost in decentralized finance (DeFi) hacks and scams in the second quarter of 2023, according to a June 27 report from Web3 portfolio app De.Fi. <\/p>\n
The report, titled \u201cQ2 De.Fi Rekt Report,\u201d was partially based on data<\/a> from De.Fi\u2019s \u201cRekt Database.\u201d Over $208.5 million was initially lost during the quarter, but $4.5 million was recovered through prosecutions, deals with hackers and other recovery methods.<\/p>\n According to the report, the number of DeFi hacks in Q2 rose by \u201calmost 7 times\u201d year-over-year, with 117 incidents during the period compared with only 17 in the same quarter of 2022. A total of over $665 million was lost during the first half of 2023.<\/p>\n The top five hacks of the second quarter were against Atomic Wallet, Fintoch, MEV-Boost, Bitrue and GDAC. The June 3 Atomic Wallet exploit was responsible for $35 million<\/a>, or around 17% of the total. Fintoch users lost $30.6 million<\/a> from its alleged rug pull, and the MEV-Boost attack was responsible for $26.1 million<\/a>. Together, these three attacks resulted in over 45% of the total losses for Q2.<\/p>\n Related: <\/strong>Sturdy Finance offers $100K bounty to hacker if funds are returned<\/strong><\/a><\/em><\/p>\n De.Fi reported that the most common cause of losses was \u201caccess control issues,\u201d or issues where an attacker gained unauthorized control of a wallet. This was responsible for $75.8 million of losses, or a quarter of the total. The second most common cause was exploits, totaling $55.3 million. Users lost $47.3 million through rug pulls or exit scams in Q2, as well.<\/p>\n Losses from DeFi hacks and scams were actually smaller in Q2 than in Q1, with CertiK reporting in April that over $320 million was lost<\/a> from January to March.<\/p>\n<\/div>\n![\"\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-06\/73d43227-5769-48c0-a220-a02c44d4b302.png\" "\\"\\"")