tl;dr
According to blockchain security firm PeckShield, crypto hacks and scams decreased by 27.8% in 2023 compared to the previous year, with over 600 major hacks resulting in $2.61 billion in losses. Recovery efforts improved significantly, with $674.9 million recovered in 2023, and DeFi protocols collab...
According to blockchain security firm PeckShield, crypto hacks and scams decreased by 27.8% in 2023 compared to the previous year, with over 600 major hacks resulting in $2.61 billion in losses. Recovery efforts improved significantly, with $674.9 million recovered in 2023, and DeFi protocols collaborating with other entities to freeze stolen funds. However, 2024 has already seen 13 incidents involving hacks, scams, or exploits, indicating ongoing criminal activity in the industry.
The number of crypto industry hacks, scams, and exploits decreased in 2023 compared to the previous year, according to blockchain security firm PeckShield. However, criminal activity during bear markets is usually lower than when crypto asset prices are skyrocketing. On January 29, blockchain security firm PeckShield reported that crypto hacks and scams were down 27.8% in 2023 from 2022.
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