- DeFiLlama shows cybercriminals have stolen $1 billion in crypto so far in 2023.
- The stolen amount dropped by 60% from what was stolen in 2022.
- Despite the drop in the value of stolen funds, there were more crypto hack incidents in 2023.
Data from DeFiLlama, the multi-chain crypto data stats dashboard, shows that cybercriminals have stolen about $1 billion from the crypto market so far in 2023. That represents a 60% drop in the amount they stole in 2022 when the crypto market lost about $3.2 billion to internet thieves.
Amount stolen via crypto hacks Source: DeFiLlama
DeFiLlama’s data showed that the highest amount stolen from the crypto industry this year occurred in September when hackers stole $308.23 million. July followed with a loss of $238.42 million, then March, when the cybercriminals stole $213.58 million across multiple crypto hacks.
It is important to note that while the amount of funds stolen by hackers in 2023 dwarfs the crypto theft of 2024, it does not necessarily reflect the improved security of the industry. More analysis revealed that despite the drop in the value of stolen funds, there were more crypto hack incidents in 2023 than rec…
The post Criminals Stole Only $1B in Crypto in 2023 Amid Increasing Hacks appeared first on Coin Edition.