From January to June 2023, the crypto industry experienced at least 395 hacks, resulting in a loss of about $479.4 million, according to data from PeckShield.
Source: Twitter
Compared to the same period in 2022, the monetary loss has decreased almost fivefold.
According to analysts, the losses from the ten largest hacks currently account for 79% ($378.3 million) of the total amount stolen. Euler Labs’ DeFi protocol ($197 million) and the decentralised wallet Atomic Wallet ($65 million) are leading the way.
Thanks to white hat hackers, security companies and law enforcers managed to recover $226.2 million.
April was the heaviest in terms of attacks – during this month attackers stole $203.3 million.
Source: Twitter
DeFi protocols were mostly hit by hackers – 98% ($414 million) of all hacks in 2023. Most of the attacks were on projects on the Ethereum network, resulting in a loss of $287 million.
The top three areas of DeFi hacks include logistical errors in code (46%), oracle manipulation (15%), and privilege hijacking (14%). 76% of attackers used flash credits.
Recall, in 2022, Beosin experts estimated the damage to the crypto industry from 167 major attacks in $3.6 billion. More than half of the total losses were 12 crosschain-bridge incidents – $1.89 billion.