According to a report released by De.Fi, a provider of computer antivirus and application software, hackers and fraudsters accessing the password network stole $452 million in the first quarter of 2023. But this is not only good news, but also bad news, as the loss is significantly lower than the $1.3 billion in the first quarter of 2022. However, the utilization rate has also declined significantly.

According to the report, nearly half of the current quarter's loss ($215 million) occurred in the first three weeks of March. Euler Finance and Bonq Dao were the biggest losers in the quarter, at $196 million and $120 million, respectively. Because of them, ethernet block chain technology suffered the highest loss, although Binance overtook them by 18 to 10 in ethernet square.

CoinDeal scams ranked third with $45 million, while Monkey Drain phishing scammers ranked fourth with $16.5 million.

Of the 49 cases reviewed in the report, six flash attacks caused large losses of more than $200 million, with Euler White Cat accounting for the vast majority of them. Among the 17 accidents, intelligent contract loopholes are relatively common. Only five things happened to Defi, but it suffered a significant loss of market share of $336 million.

In the first quarter, $130 million was recovered from some system vulnerabilities. All the money was recovered in March, and the vast majority of the $129 million was returned by Euler Finance hackers. In the first quarter of last year, out of a loss of 1.3 billion yuan, 520 million yuan, or 40% of the stolen funds, was withdrawn, but this year it was 28.7%.

Although Defi dominates the reported losses, losses caused by decentralized trading centers and their data encrypted OTP and irreplaceable OTP may also hit retail customers severely. Theft is not uncommon in the retail community, and the scams that harm him are constantly evolving.

Magazines and periodicals: us law enforcement agencies strengthen penalties for crimes related to login passwords