Crypto losses declined over 50% in 2023

Hackers and scammers laid again on the weekends, CertiK report finds

Whereas hackers proceed to hack the crypto trade for a money seize, the greenback quantity is down considerably in comparison with the earlier yr.

The full quantity “misplaced” throughout 2023 from safety incidents was nearly $2 billion, down 51% from 2022, in response to security-focused CertiK’s annual 2023 web3 safety report. The report defines losses on this context as the worth of digital belongings stolen by malicious actors.

Throughout the previous yr, 10 incidents, together with the $200 million Mixin Community and $197 million Euler Finance hacks, accounted for $1.11 billion of losses. The typical median loss for different incidents was round $101,000.

One bit that wasn’t featured within the report is that there was a “marked decline” in hacks and scams over the weekends throughout 2023. “Tuesdays, Wednesdays, Thursdays and Fridays all see about the identical prevalence of incidents, whereas Mondays are noticeably quieter, Saturdays quieter once more, and Sundays the quietest of all,” CertiK co-founder and CEO Ronghui Gu advised starcrypto+.