CertiK CEO/Co-Founder Ronghui Gu was interviewed on CoinDesk TV to discuss the #CurveFinance exploit 📉 and our July report! Watch to see what happened and how we move forward as an industry, as well as why July 2023 was the worst month this year for losses
Q1 Hack3d Report | Euler Finance | CertiK Analysis Report - How did this happen? Let's take a look.
Malicious actors stole over $320 million of value from Web3 protocols across 207 separate incidents in Q1 2023. This represents just over a third of the $950 million lost in Q4, and a quarter of the $1.3 billion lost in Q1 2022.
Just one incident – the Euler Finance exploit at $197 million – represented over 60% of all value lost in Q1. This highlights the asymmetrical rewards on offer for successful exploits of large protocols.