Cryptocurrencies have already had one of their highest moments, but it seems that in recent times it has been in constant decline, so much so that for this year, the fall of cryptocurrencies began in the first quarter of the current year, and there is a strong tendency to continue.
O report Crypto Losses of the third quarter of Immunofi found 428.718.083 USD in losses in the third quarter, a 36% drop from 670.698.280 USD in the second quarter, and a 62,9% drop from 1.155.334.775 USD during the same quarter last year. Encryption losses are defined as a combination of hacks and alleged incidents of fraud, such as pulling the rug out from under projects Web3, said Adrian Hetman, technology lead for the triage team at Immunofi.
A most of these losses stemmed from two specific incidents involving the cross-chain messaging protocol Nomad and cryptocurrency market maker wintermute, who lost USD 190 million and USD 160 million respectively. Those two projects accounted for around 80% of third-quarter losses, he found. Per the report, cryptocurrency losses have eased for the last three consecutive quarters, but it is unclear whether this trend will continue for the rest of the year.
