Security firm: In 60 crypto attacks this year, stablecoin issuer blacklists and exchange freezes recovered no funds

On October 21, security firm Blockaid released a report stating that the 60 crypto attacks it tracked from January 5 to August 5 this year resulted in total losses of $1.18 billion. Of that, only $9.8 million was returned to victims, accounting for 0.8%; another $81.4 million was frozen, while $1.04 billion remains unrecovered. Stablecoin issuer blacklists and exchange freezes recovered no funds. In 16 incidents, issuer blacklists were available but were never activated. Of the $91.2 million recovered or frozen, 99% came from governance and validator measures at the protocol or chain level, such as the Arbitrum security committee freezing $71 million after the KelpDAO incident. The median time for stolen funds to begin moving after an attack was 17 minutes.