Over the year, Mixin Network, Euler Finance, Multichain and other protocols were drained of hundreds of millions of dollars in assets.
2023 saw a total of $1.8 billion lost to Web3 hackers and scammers, according to a Dec. 28 report from blockchain security platform Immunefi. 17% of the losses i attributed to the North Korea-linked Lazarus Group, the report stated.
The biggest hack of the year in terms of losses was peer-to-peer trading platform Mixin Network, which resulted in over $200 million of losses to crypto investors. In second place was the $197-million exploit of lending platform Euler Finance, and in third was the $126-million hack of cross-chain bridge protocol Multichain.
According to the report, approximately $309 million of losses have been identified by law enforcement as being associated with the Lazarus Group, a cybercriminal organization with ties to the Democratic People’s Republic of Korea, also known as North Korea. These losses include those from the Atomic Wallet hack ($100 million), CoinEx ($70 million), Alphapo ($60 million), Stake, CoinsPaid and others.
