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Home » Crypto Hackers Stole $1.7 Billion in 2023, Down 54% YOY, As DeFi Security Improves: Report – Unchained – Unchained

Crypto Hackers Stole $1.7 Billion in 2023, Down 54% YOY, As DeFi Security Improves: Report – Unchained – Unchained

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Crypto Hackers Stole $1.7 Billion in 2023, Down 54% YOY, As DeFi Security Improves: Report – Unchained – Unchained

The number of crypto hacks rose slightly, but the total value of stolen crypto fell by 54% year over year in 2023, according to Chainalysis.(Shutterstock)Posted January 24, 2024 at 9:00 am EST.Funds stolen from crypto platforms dropped by more than 50% in 2023 to $1.7 billion, according to the new Crypto Crimes Report from blockchain data platform Chainalysis. Decentralized finance (DeFi) saw the biggest decrease overall in both the number of hacks and the amount stolen.“Simply put, DeFi operators seem to be getting better at smart contract security,” Eric Jardine, cybercrime research lead at Chainalysis, told Unchained in an email. (Chainalysis)The total… 

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