#ContentStar According.

to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost to hacking and fraudulent activities in 292 specific incidents.

In October 2023 alone, losses amounted to approximately $22.2 million, primarily attributed to hacking and fraud. The most frequently targeted blockchain networks during the period were BNB Chain and Ethereum, accounting for 83.3% of the total losses among targeted chains.

Immunefi disclosed that BNB Chain experienced the highest number of individual attacks, with 11 incidents, accounting for 45.8% of the overall losses among the targeted chains.
Ethereum, on the other hand, experienced 9 incidents, representing 37.5% of the total losses.
Layer 1 blockchain, Avalanche trails behind with 2 incidents, representing 8.3% in October.
Polygon and Fantom witnessed 1 incident each, representing 4.2% respectively.
Hacking incidents continued to be the primary cause of financial losses, surpassing fraudulent activities which resulted in a total loss of over $16.35 million for the month.DeFi platforms continued to be the primary focus of exploitation in October, representing 100% of the total losses. Contrastingly, not a single major exploit was reported in CeFi platforms.
Zooming out, Q3 in 2023 recorded the highest losses, primarily driven by over $340 million in September and more than $320 million in July, the Web3 bug bounty platform said in its report.
An earlier report by blockchain security firm, CertiK revealed that nearly $332 million in various digital assets had been lost to exploits, hacks, and scams in September.