Web3๐Ÿ•ธ๏ธ & DeFi๐Ÿ’ธ projects faced a rough H1 2023, losing nearly $479.4M๐Ÿ’ฐ across 400 major hacks! DeFi contributed a whopping $419M in losses during 386 incidents. Ethereum was the most targeted chain, with losses close to $300M๐Ÿ“‰. PeckShield's report shows logic bugs, oracle manipulation, & privilege exposure were the top attack vectors๐Ÿงฒ.

Despite these setbacks, total value locked in DeFi grew to $44.64B๐Ÿ“ˆ since the beginning of 2023. Onward & upward! ๐Ÿ”๐Ÿ’น๐Ÿ” #DeFi #web3 #Ethereum #security