Data shows that in the third quarter of 2023, Web3 caused losses of US$889.26 million due to hacking attacks, fraud and Rugpull.

DeFi projects suffered the most attacks, with 29 attacks, accounting for 67.4% of all incidents. ETH was the most attacked blockchain, with 16 incidents and $227 million in losses. Private key leaks cost $223 million in nine incidents.