Hacking Incidents Decreased for First Time Since 2021, Still $2 Billion in Crypto Assets Stolen in 2023
Despite losing around $2 billion to crypto thefts, 2023 saw a slight decline in hacking incidents targeting the cryptocurrency industry.
According to a recent report from De.FI, a prominent web3 security firm known for its REKT database, hackers managed to pilfer $2 billion in digital assets throughout the year.
While that amount is still alarming, it marks the first decrease in crypto hacking incidents since 2021.
The REKT database ranks the most devastating crypto hacks, ranging from the historic breach of the Ronin network in 2022, where hackers looted over $600 million in crypto, to the recent attack on Mixin Network, resulting in a haul of approximately $200 million.
“This cumulative amount of stolen funds, spread across multiple incidents, highlights the ongoing vulnerabilities and challenges within the DeFi ecosystem,” stated De.FI in its report shared with TechCrunch .
“2023 served as a testament to both the persisting vulnerabilities and the progress made in addressing them, despite muted interest in the space during the first half of the year due to the ongoing bear market.”
Earlier in December, TRM Labs, a blockchain intelligence company, also estimated the total value of crypto stolen by hackers in 2023.
According to their calculations, the amount reached approximately $1.7 billion by mid-December.
Among the notable crypto thefts of the year, Euler Finance suffered a devastating hack resulting in losses of nearly $200 million.
Other major breaches targeted Multichain ($126 million), BonqDAO ($120 million), Poloniex ($114 million), and Atomic Wallet ($100 million), among countless others.
In 2022, Chainalysis, a blockchain monitoring firm, reported an all-time high of $3.8 billion stolen by
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