Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says
Summary
Cryptocurrency users lost nearly $2 billion to scams, rug pulls, and hacks in 2023, a significant decrease from the previous year. Improved security protocols, increased community awareness, and reduced market activity contributed to the decline. Ethereum suffered the highest losses, with $1.35 billion erased in about 170 incidents. Access control exploits were the most damaging, resulting in over $852 million in losses. Flash-loan attacks led to $275 million lost over 36 cases, and exit scams accounted for $136 million over 263 cases. Losses on centralized platforms totaled around $256 million across seven cases.
