The crypto industry lost $343 million due to 296 hacking and fraud incidents in November

According to the latest report from Web3 bug bounty platform Immunefi, the encryption industry lost more than $343 million due to hacking attacks and fraud cases in November 2023, setting a record for the highest loss in a single month this year. Compared with October’s loss of approximately $22 million, the amount of losses increased by more than 15 times in November. According to Immunefi, cryptocurrency hacking and rug pulls have caused more than $1.75 billion in losses so far this year, involving 296 incidents. In addition, the focus of crypto attacks this month has shifted from DeFi platforms to CeFi platforms. Among them, the CeFi platform became the main victim, accounting for 53.8% of the total losses, approximately US$184.4 million, while DeFi accounted for 46.2%, approximately US$158.6 million. (The Block)