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Market News August 31, 2023

Beosin: The total loss in August attacks is about 17.43 million US dollars

According to the Beosin EagleEye security risk monitoring, early warning and blocking platform monitoring of the blockchain security audit company Beosin, in August 2023, the number of various security incidents and the amount of losses have dropped significantly compared with July.

More than 25 more typical security incidents occurred in August, and the total amount of attack damage was about 17.43 million US dollars, a decrease of about 90% compared with July; the total amount of Rug Pull reached 28.85 million US dollars, an increase of about 18% compared with July.

The biggest attack of this month was the attack on Exactly Protocol on the Optimism chain, with a loss of about $7.3 million.

This month, there has been an increase in fraudulent escape incidents. The larger incidents are: PEPE’s multi-signature wallet outflow of 15.5 million US dollars, the official said that it was done by three former team members; Rug Pull of the Magnate Finance project on the Base chain, with a loss of about 6.5 million Dollar.

In addition, the number of encrypted crimes cracked by the police has increased this month, involving many cases worth more than 100 million yuan. The largest case is the 1 billion Singapore dollar money laundering case cracked by the Singapore police.

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