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

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

The losses had been considerably decrease than in 2022’s first and fourth quarters, when hackers took round $1.3 billion and $950 million, respectively. In line with CertiK, the low quantity of losses could also be linked to occasions taking place off-chain that had an affect on the crypto trade as an entire, 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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