tl;dr
CertiK's latest Web3 security report reveals a significant increase in crypto theft, despite a decrease in the number of incidents. Hackers siphoned $750 million in Q3, bringing the year's total to nearly $2 billion. Phishing and private key compromises accounted for $668 million in losses, with Eth...
Cyber security firm CertiK's latest Web3 security report reveals a significant increase in crypto theft, despite a decrease in the number of incidents. Hackers siphoned $750 million in Q3, bringing the year's total to nearly $2 billion. Phishing and private key compromises accounted for $668 million in losses, with Ethereum being the prime target for attacks. Only 4.1% of stolen funds were recovered, and the average loss per hack reached $5.93 million.
Immunefi reported a major drop in crypto-related losses in August, amounting to just $15 million across five incidents.
Cyber security firm CertiK revealed Tuesday that despite declining hacks across the crypto sector in the previous quarter, the total value thieves made off with soared. In its latest Web3 security report, CertiK said hackers managed to siphon away $750 million across 155 incidents, bringing the year's total losses to nearly $2 billion. It marks an approximate 9.5% increase in the value lost despite 27 fewer incidents compared to the previous quarter. The report identifies phishing and private key compromises as the most prevalent attack vectors, accounting for $668 million in losses. Phishing alone caused $343 million in damages across 65 incidents.
A standout case involved a Bitcoin whale who suffered a $238 million loss in August, making it the single most significant phishing attack for Q3. The attack compromised the whale's wallet, and although some funds were recovered by the community, most of the stolen amount remains unaccounted for. Private key compromises were responsible for approximately $317 million in losses across just 10 incidents. The most notable private key attack was on WazirX, one of India’s leading crypto exchanges.
Ethereum continues to be the prime target for attacks, with $387.8 million stolen across 86 incidents, far surpassing any other blockchain, the cyber security firm found. Multichain hacks were also prominent, with $89.8 million stolen across several networks, revealing the potential risks associated with cross-chain functionality. While phishing and private key compromises led the quarter in terms of value lost, other notable attack methods included code vulnerabilities and reentrancy exploits.
The Q3 CertiK report reveals only 4.1% of stolen funds were recovered this quarter, a sharp decline from the 14.4% recovered in Q2. Despite fewer incidents, the average loss per hack reached $5.93 million, with the median loss at $120,529. Immunefi, a bug bounty and security services platform, noted a major drop in crypto-related losses in August., as previously reported by Decrypt. The report revealed total losses amounted to just $15 million across five incidents, marking the lowest monthly total year-to-date and a 94.5% decrease from July’s figures.
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General Dynamics Corporation Summary General Dynamics Corporation
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry
Manufacturing, Ship & Boat Building & Repairing
Key Financial Data
Market Cap: $83.51B
Current Price: $23.69
P/E Ratio: 5.48
EPS: 12.83
52-Week High: $164.48
Dividend Yield: 7.89%
Revenue: $44.95B
Net Income: $323.31
ROE: 20.7%
Debt-to-Equity: 0.18
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After conducting a thorough technical analysis, it is evident that the stock has approached a crucial resistance level, indicating a potential reversal in the current uptrend.
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