• 24/02/2024 00:38

Hacken: Damage from attacks on crypto projects reached $1.9 billion

Hacken analysts have summarized incidents in the field of cybersecurity and fraud among crypto projects in 2023. Hackers managed to steal about $1.9 billion. In just one year, 447 similar incidents were recorded in the cryptocurrency industry.

Hacken: Damage from attacks on crypto projects reached $1.9 billion

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Loss of companies

Compared to the previous year, the loss decreased significantly, and the number of incidents, on the contrary, increased.

“Compared to a loss of $52.3 billion in 2022, this seems to be a good trend. But a closer look paints a gloomy picture: the number of attacks and their complexity is growing,” experts write.

The largest hack in 2023, related to Multichain, did not even enter the top 10 over the last two years in terms of level damage.

Crypto projects managed to return up to 20% of the stolen funds, which is approximately $400 million.

Successful negotiations and effective communication with hackers contributed to the return of stolen assets in most cases.

The report mentions an example of the Euler Finance hack. The hacker stole about $200 million in cryptocurrency, but after negotiations returned the funds to the project in full.


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