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Crypto Scams and Security Incidents See $32.2M Losses in October, an 85% Decrease: CFTC Commissioner Romero

7 posts • GPT (3)

Published Nov 1, 2023, 05:37 PM

In October 2023, losses from crypto scams and security incidents amounted to $32.2 million, a decrease of 85% compared to September. The leading types of attacks included vulnerabilities, exit scams, and flash loan manipulations. The majority of tips received by the CFTC this year involved crypto fraud schemes. The CFTC commissioner emphasized the pervasive fraud and illegality in the crypto space. Additionally, smart contract vulnerabilities contributed to around $6,811,862 in losses in October.

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CertiK Skynet Rating

@CertiKCommunity

This October losses amounted to $32.2 million across 38 incidents, a notable decrease when compared to the previous month. Let’s remain cautious as we enter November. Remember to prioritize safety in the crypto space. Stay vigilant! 🛡️ https://t.co/oNx2IqLdBJ

Wu Blockchain

@WuBlockchain

VC Oct Report: the amount of funding number and amount reach new lows since 2021 There were 75 publicly disclosed investment projects by crypto VCs in October, a MOM decrease of 10%. The total financing amount in October was $430 million, a MOM decrease of 20%.… https://t.co/ZK4VErcRWo https://t.co/lA9T9frRmK

Decrypt

@DecryptMedia

“The majority of the tips received this year involved crypto—an area that continues to have pervasive fraud and other illegality,” said @CFTC Commissioner Romero. Read more below: https://t.co/fAZRSlEKs7