The third quarter of 2023 has been the “most financially damaging” quarter of the yr, with virtually $700 million in digital property misplaced to varied safety incidents, in keeping with the quarterly report of blockchain safety agency CertiK.

Inside the report, CertiK highlighted 184 safety incidents in July, August and September 2023, with over $699 million in crypto property misplaced within the quarter, surpassing first-quarter losses of $320 million and second-quarter losses of $313 million.