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 <p class="is-style-lead">Hackers <a rel="noopener noreferrer nofollow" title="managed" href="https://thebittimes.com/tag/managed.html">managed</a> to <a rel="noopener noreferrer nofollow" title="steal" href="https://thebittimes.com/tag/steal.html">steal</a> $2 billion in crypto in 2023, but for the first time since 2020, the trend is showing a decline.</p>
 <p>Throughout 2023, scammers and <a rel="noopener noreferrer nofollow" title="hackers" href="https://thebittimes.com/tag/hackers.html">hackers</a> executed numerous cyberattacks and rug pulls, 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 conversation with TechCrunch, emphasized that the figure highlights the “persistent vulnerabilities and challenges within the DeFi ecosystem.”</p>
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 <p>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 <a rel="noopener noreferrer nofollow" title="hackers" href="https://thebittimes.com/tag/hackers.html">hackers</a> led to the recovery of approximately $200 million from the overall sum, De.Fi’s data shows.</p>
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   <img decoding="async" width="1024" height="393" src="https://cdn.thebittimes.com/images/2023/12/27/3350aa8e28d2f7dcf190100cab3932c7.webp" alt="Crypto hackers managed to steal $2b in 2023 - 1"> 
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   Funds lost by blockchain | Source: De.Fi
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 <p>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.</p>
 <p>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 data from Chainalysis.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-hackers-managed-to-steal-2b-in-2023-tbt74860.html">https://thebittimes.com/crypto-hackers-managed-to-steal-2b-in-2023-tbt74860.html</a></p>

Crypto hackers managed to steal $2b in 2023

TheBitTimes

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