The cryptocurrency market is having its worst month of 2023. Losses for July totaled $486 million, more than six times the total from 2022.
Losses by chain in July 2023. Source: De.Fi
The vast majority of losses occurred on the Ethereum network, with $447 million lost across 36 cases — including the Multichain hack, which involved $231 million, and the Alphapo exploit, which cost around $100 million.
The next-closest network was Base, which saw $23 million lost in a single case. Binance took third with a reported loss of nearly $11 million over 18 cases.
