Blockaid report shows $1.18 billion in losses from crypto attacks this year, with most funds not recovered

According to a report by security company Blockaid, 60 encryption attacks caused a total of $1.18 billion in losses between January 5th and August 5th this year. Only $9.8 million was returned to the victims, $81.4 million was frozen, and $1.04 billion has not been recovered. The stablecoin issuer blacklist and exchange interception have not recovered any funds, and the blacklist has not been activated in any of the 16 incidents where it can be used. Of the $91.2 million that has been recovered or frozen, 99% came from protocol or chain level measures, with a median transfer time of 17 minutes for stolen funds.