ChainPlay, in collaboration with Storible, investigated the alarming rise in crypto scams and hacks, analyzing 444 projects and surveying 2,101 investors. The findings reveal just how widespread these threats have become.
Key insights:
- 83% of crypto investors have been scammed or hacked at least once.
- Average loss per victim: $2,622, with each experiencing around five incidents.
- 64% of hacks targeted DEXs, but CEX losses were 27x higher.
- CEX users lost over $26B, while DEX users lost over $800M.
- The average CEX hack resulted in $177M in losses, 15x greater than DEX breaches.
The report highlights the scale of crypto crime and the urgent need for better security measures.
Read the full report here: https://chainplay.gg/blog/
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