Hackers managed to steal $2 billion in crypto in 2023, however for the primary time since 2020, the pattern is displaying a decline.
All through 2023, scammers and hackers executed quite a few cyberattacks and rug pulls, ensuing within the theft of roughly $2 billion value of cryptocurrency, as reported by De.Fi, a web3 agency. A spokesperson for De.Fi, in a conversation with TechCrunch, emphasised that the determine highlights the “persistent vulnerabilities and challenges throughout the DeFi ecosystem.”
De.Fi’s REKT database documented a minimum of 455 incidents in 2023, with the most important hack amounting to $231 million, attributed to Multichain. Regardless of the alarming $2 billion whole, the efforts of cybersecurity specialists and white hat hackers led to the restoration of roughly $200 million from the general sum, De.Fi’s knowledge reveals.
Ethereum appears to be taking the lead when it comes to the frequency of hacks, because it contributed to over 70% of the stolen funds in 5 out of twelve months in 2023. As an illustration, in November, the community accounted for about 99% of all incidents that month.
Hacking and scams proceed to current a big impediment to the widespread acceptance of cryptocurrencies. In 2022, the business incurred losses exceeding $3.8 billion because of doubtful schemes and cyber incidents, in line with data from Chainalysis.