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Home » Total Value of Crypto Stolen From DeFi Platforms in 2023 Plummets by 63.7% Year-on-Year: Chainalysis – The Daily Hodl

Total Value of Crypto Stolen From DeFi Platforms in 2023 Plummets by 63.7% Year-on-Year: Chainalysis – The Daily Hodl

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Total Value of Crypto Stolen From DeFi Platforms in 2023 Plummets by 63.7% Year-on-Year: Chainalysis – The Daily Hodl

Blockchain analysis firm Chainalysis says the value of crypto assets that cybercriminals stole in 2023 went down by more than 50% compared to 2022, largely due to a significant drop in hacking incidents targeting decentralized finance (DeFi) platforms.In a new report, Chainalysis notes that hackers stole just $1.1 billion from DeFi protocols in 2023, down from $2.5 billion in 2021 and $3.1 billion in 2022.The number of  DeFi hacks also declined by 17.2% year-over-year and the median loss per DeFi hack dropped by 7.4%.“Hacks of DeFi protocols largely drove the huge increase in stolen crypto that we saw in 2021 and… 

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