Key Takeaways
Web3 security losses in Q3 2023 escalate to $889.26M.
North Korean APT group Lazarus emerges as a significant threat, responsible for over $208M in thefts.
Ethereum remains the most targeted blockchain, with losses totaling $227M.
Alarming Surge in Q3 2023 Losses
According to a recent report jointly released by Beosin and SUSS NiFT on September 27, 2023, the third quarter of this year has seen a disturbing rise in Web3 security incidents. Losses have skyrocketed to $889.26M, a figure that outstrips the combined losses of the first two quarters of the year, which were $330M and $333M respectively.
The Lazarus Group: A Formidable Adversary
The report highlights the North Korean APT group Lazarus as a major security threat in Q3 2023. The group has been implicated in thefts totaling over $208M across four significant attacks. Their tactics are complex, involving a range of methods from social engineering to brute force…
