In 2023, hackers seized $2 billion in cryptocurrency, marking a concerning trend that, for the first time since 2020, shows signs of improvement, according to De.FI, a web3 security firm.
De.FI's report reveals a series of cyberattacks, from the record-breaking $600 million Ronin network breach in 2022 to the recent $200 million heist on Mixin Network. While the figures underscore persistent vulnerabilities, the report acknowledges strides made to address them, especially during the market downturn in the first half of the year.
- TRM Labs estimates the total crypto stolen by hackers in 2023 at around $1.7 billion as of mid-December.
Major thefts include Euler Finance ($200 million), Multichain ($126 million), BonqDAO ($120 million), Poloniex ($114 million), and Atomic Wallet ($100 million).
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Compared to 2022's $3.8 billion theft, the situation seems slightly better. Notably, the Lazarus Group, North Korean government hackers, accounted for $1.7 billion in 2022.
Chainalysis emphasizes the economic impact of crypto heists, stating that cryptocurrency hacking is a substantial part of the global economy, with $3.3 billion stolen in 2021.
Looking ahead to 2024, challenges persist due to poor security practices in many crypto projects. The value of crypto assets continues to attract hackers, as discussed at TechCrunch Disrupt earlier this year. The crypto community faces the new year with a determination to enhance security measures and safeguard against virtual threats.
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