TechFlow news, according to CertiK's quarterly report from blockchain security firm CertiK, Q3 2023 was the quarter with the "most severe financial losses" of the year, resulting in nearly $700 million in cryptocurrency losses due to various security incidents. In its report, CertiK emphasized that a total of 184 security incidents occurred during July, August, and September 2023, leading to over $699 million in crypto asset losses—surpassing Q1’s $320 million and Q2’s $313 million.
Among attack types causing losses, private key compromises were listed as the most destructive, resulting in over $204 million lost across 14 incidents. Besides private key vulnerabilities, exit scams and oracle manipulation were also prevalent this quarter. The report highlighted that there were 93 exit scam incidents this quarter, resulting in over $55 million in digital asset losses. Meanwhile, oracle manipulation incidents totaled 38, causing over $16 million in cryptocurrency losses.
