Crypto hack reduced in 2023- Report

According to Cointelegraph, about $1.8 billion in digital assets were lost across 751 security incidents in 2023. The amount is expected to be 51% lower than in 2022 when losses to hacks and other incidents reached $3.7 billion.

With insights from CertiK, a blockchain security firm, an annual report titled ‘Hack3d: The Web3 Security Report 2023,’ on January 3, 2023, the security company compiled a document highlighting the state of Web3.0 security in the last year.

Furthermore, Gu mentioned that if losses stay low during the bull run, it might indicate that the Web3.0 industry is ‘learning its security lessons’, Cointelegraph concluded.

(With insights from Cointelegraph)

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