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Hackers managed to steal $2 billion in crypto in 2023, but for the first time since 2020, the trend is showing a decline. 
Throughout 2023, scammers and hackers executed numerous <a href="https://crypto.news/tag/crypto-hack/">cyberattacks</a> and <a href="https://crypto.news/tag/rugpulls/" target="_blank" rel="noreferrer noopener">rug pulls</a>, resulting in the theft of approximately $2 billion worth of cryptocurrency, as reported by De.Fi, a web3 firm. A spokesperson for De.Fi, in a <a href="https://techcrunch.com/2023/12/26/hackers-stole-2-billion-in-crypto-in-2023-data-shows/" target="_blank" rel="noreferrer noopener">conversation</a> with TechCrunch, emphasized that the figure highlights the “persistent vulnerabilities and challenges within the DeFi ecosystem.” 
 You might also like: <a href="https://crypto.news/biggest-crypto-hacks/"> Major crypto hacks of 2023: how industry lost over $1b within minutes </a> 
De.Fi’s REKT database documented at least 455 incidents in 2023, with the largest hack amounting to $231 million, attributed to Multichain. Despite the alarming $2 billion total, the efforts of cybersecurity experts and white hat hackers led to the recovery of approximately $200 million from the overall sum, De.Fi’s data shows. 
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 <img loading="lazy" decoding="async" width="1024" height="393" src="https://crypto.news/app/uploads/2023/12/houidfhgjdf-1024x393.png" alt="Crypto hackers managed to steal $2b in 2023 - 32" class="wp-image-14231777">
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 Funds lost by blockchain | Source: De.Fi
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Ethereum seems to be taking the lead in terms of the frequency of hacks, as it contributed to over 70% of the stolen funds in five out of twelve months in 2023. For instance, in November, the network accounted for about 99% of all incidents that month. 
Hacking and scams continue to present a significant obstacle to the widespread acceptance of cryptocurrencies. In 2022, the industry incurred losses exceeding $3.8 billion due to dubious schemes and cyber incidents, according to <a href="https://go.chainalysis.com/2023-crypto-crime-report.html" target="_blank" rel="noreferrer noopener">data</a> from Chainalysis. 
 Read more: <a href="https://crypto.news/tool-used-in-ledger-hack-altering-file-domains-since-november/"> Tool used in Ledger hack altered file domains since November </a>

Crypto hackers managed to steal $2b in 2023

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