---
title: "BNB Chain, Ethereum Blockchains Suffer 20 Attacks in October, Taking the Hardest Hits: Report"
url: https://diffcoin.com/bnb-chain-ethereum-blockchains-suffer-20-attacks-in-october-taking-the-hardest-hits-report/
description: "BNB Chain and Ethereum emerged as the most targeted blockchain networks in October."
published: 2023-11-05
updated: 2023-11-05
author: "Mila"
site: "Diffcoin"
---

# BNB Chain, Ethereum Blockchains Suffer 20 Attacks in October, Taking the Hardest Hits: Report

According to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost to hacking and fraudulent activities in 292 specific incidents.

In October 2023 alone, losses amounted to approximately $22.2 million, primarily attributed to hacking and fraud. The most frequently targeted blockchain networks during the period were BNB Chain and Ethereum, accounting for 83.3% of the total losses among targeted chains.

- Immunefi disclosed that BNB Chain experienced the highest number of individual attacks, with 11 incidents, accounting for 45.8% of the overall losses among the targeted chains.
- Ethereum, on the other hand, experienced 9 incidents, representing 37.5% of the total losses.
- Layer 1 blockchain, Avalanche trails behind with 2 incidents, representing 8.3% in October.
- Polygon and Fantom witnessed 1 incident each, representing 4.2% respectively.
- Hacking incidents continued to be the primary cause of financial losses, surpassing fraudulent activities which resulted in a total loss of over $16.35 million for the month.

> “In October 2023, hacks continue to be the predominant cause of losses as compared to frauds, scams, and rug pulls. An analysis of the losses shows that fraud accounts for 26.32% of the total losses in October 2023, while hacks account for 73.68%.”

- DeFi platforms continued to be the primary focus of exploitation in October, representing 100% of the total losses. Contrastingly, not a single major exploit was reported in CeFi platforms.
- Zooming out, Q3 in 2023 recorded the highest losses, primarily driven by over $340 million in September and more than $320 million in July, the Web3 bug bounty platform said in its report.
- An earlier report by blockchain security firm, CertiK revealed that nearly $332 million in various digital assets had been lost to exploits, hacks, and scams in September.

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[Source link](https://cryptopotato.com/bnb-chain-ethereum-blockchains-suffer-20-attacks-in-october-taking-the-hardest-hits-report/)