The total amount of hacked funds in the cryptocurrency market dropped by 50% in the second quarter of 2023, but still reached $200 million.

According to the report "De.Fi Rekt Report" released by investment portfolio tracking platform De.Fi on June 27, over $204 million was lost in cryptocurrency-related hacks and scams in the second quarter of this year, but this number has decreased by 50% compared to the first quarter.

Crypto Hacks Declining Monthly

A report states that the initial loss amount in Q2 was $208.5 million, but $4.5 million was recovered through actions like litigation and negotiation.

Hacks in 2023 Exceed $600 Million

The total loss so far in 2023 amounts to approximately $665 million after deducting the recovered funds.

The Q1 hack amount was around $462.3 million. After peaking in March this year, the Q2 hack amounts decreased monthly to $105.3 million, $56.1 million, and $42.7 million, respectively.

However, this year has also been a bear market for hackers. The total amount hacked in 2022 was as high as $3.7 billion, so the Q1 hack amount has already decreased significantly compared to previous years.

Review of Q1: TRM Labs Research | Q1 Hack Losses Reduced by 70%, Possibly Related to Tornado Cash and Mango

Atomic Wallet Tops Q2

Projects with the highest hack amounts in Q2 include long-standing wallet Atomic Wallet, scam project Fintoch, MEV robot vulnerability, exchanges Bitrue and Korean exchange GDAC.

Among them, Atomic Wallet was hacked for $35 million, accounting for 17% of the total hacks in Q2.

BNB Chain a Favorite Among Hackers

As of the deadline, Ethereum TVL is $25.8 billion, eight times more than BNB Chain, but BNB Chain has the highest frequency of scam projects and rug pulls on public chains.

However, when calculating based on hacked and scam amounts, Ethereum still surpasses BNB Chain with $82.5 million compared to BNB Chain's $57.8 million.

It is worth noting that L2 solution Arbitrum has also ranked third shortly after its launch.