Breach, Data Security

Nearly $2B exfiltrated in crypto heists in 2023

TechCrunch reports that threat actors were able to exfiltrate almost $2 billion worth of cryptocurrency from various cyberattacks and heists this year. Despite being the lowest recorded cryptocurrency theft since 2020, such figures indicate the persistence of decentralized finance vulnerabilities and challenges, according to a report from web3 security firm De.Fi. "2023 stood as a testament to both the ongoing vulnerabilities and the strides made in addressing them, even as interest in the space was relatively muted by the ongoing bear market in the first half of the year," said De.Fi. The findings come after blockchain intelligence firm TRM Labs reported that nearly $1.7 billion had been stolen in cryptocurrency heists as of mid-December, with the compromise of Euler Finance, Multichain, BonqDAO, Poloniex, and Atomic Wallet being the worst crypto thefts this year. Cryptocurrency thefts were noted by Chainalysis to have reached a record high of $3.8 billion in 2022.

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