According to a Chainalysis report earlier this year, 2022 was the busiest year for crypto hacking in history, with an estimated $3.8 billion stolen, mostly from DeFi protocols and attackers linked to North Korea. However, that number appears to have dropped significantly in the first quarter of 2023.
According to a May 21 report from TRM Labs, crypto hackers stole “less cryptocurrency funds” this quarter than any quarter in 2022.
The report also states that “the average hacking attack size also decreased in the first quarter of 2023, from nearly $30 million in the same period of 2022 to $10.5 million, despite a similar number of incidents (around 40).” (Cointelegraph)
