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Crypto Investors Lost $685.5 Million Last Quarter, Up 59% Over 2022



According to a report by Immunefi, crypto investors lost $685.5 million in Q3 2023, a 59% increase from the previous year. Two major hacks in Mixin Network and Multichain accounted for nearly half of the stolen amount. The recovery rate for stolen funds dropped to 8.9% in Q3, with North Korean hacker cell Lazarus Group responsible for $208.6 million of the total losses
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