Web3 Theft Hits Low Point in October, with Losses at $32.2 Million Across 38 Incidents

According to CertiK, Web3 theft reached a low point in October with losses of $32.2 million across 38 incidents, none of which exceeded $7 million. This is a significant decrease compared to the total losses of $1.4 billion over the past ten months. The decrease in losses is not due to a steady decline but rather a lack of major incidents in October. However, CertiK has noted a rise in social media scams, which account for almost half of all cryptocurrency scams in the last 18 months.