====== 2022-07-17 - Web3 Witnessed Over $718,000,000 in Losses in Q2 This Year, According to Blockchain Security Firm ======
[[blk:public:00_news:start | Return to In the News]]

^ Date:      | 2022-07-17 |
^ Title:     | <WRAP>**
Web3 Witnessed Over $718,000,000 in Losses in Q2 This Year, According to Blockchain Security Firm
**</WRAP>|
^ Summary:   |<WRAP>//
New data from a blockchain security company reveals that the Web 3.0 sector suffered hundreds of millions of dollars worth of losses in the second quarter of this year.

According to a new report by Beosin, Web 3.0 witnessed 48 major cyber attacks in Q2 with total losses of approximately $718.34 million.

The blockchain security firm notes that the figure is down 40% from the $1.2 billion in losses tallied in the first quarter of 2022 but 142% higher than the recorded losses in Q1 2021 worth $296.56 million.

“In Q2 2022, 48 major attacks were monitored in the Web 3.0 space, with a total loss of approximately $718.34 million. There were three attacks with losses of $100 million or more, 12 attacks with losses of $10 million or more, and 28 attacks with losses of $1 million or more.”


//</WRAP>|
^  URL:      | [[https://dailyhodl.com/2022/07/17/web3-witnessed-over-718000000-in-losses-in-q2-this-year-according-to-blockchain-security-firm/]] |
^ Author(s): | Daily Hodl Staff |


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