Right here’s how a lot was misplaced to crypto hacks and exploits in Q1 2023

Hackers have been in a position to achieve entry to greater than $320 million within the first quarter of 2023 alone, based on on-chain information consolidated by blockchain safety agency CertiK in its quarterly report.

The losses have been considerably decrease than in 2022’s first and fourth quarters, when hackers took round $1.3 billion and $950 million, respectively. In response to CertiK, the low quantity of losses could also be linked to occasions occurring off-chain that had an impression on the crypto trade as a complete, such because the points with Silvergate Financial institution and the depegging of (USDC) on the top of the Silicon Valley Financial institution collapse.

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