According to reports, it was discovered that the level of crypto hacking in 2023 dropped significantly compared to the levels seen in 2022, indicating an effect of increased security in the industry.
Crypto Hacking Figures Slumps
The number of attacks seen this year is nothing compared to the crypto hacking figures from last year as it is currently at around $1.7 billion. Even if there were a couple of hacks in December before the year ends, it is not likely to climb as high as the levels seen in 2022.
By October 2022, blockchain intelligence company Chainalysis reported a total of $3 billion in loss to crypto hacks. This included the popular Axie Infinity Ronin bridge exploit that led to the loss of $625 million in cryptocurrencies. There was also the Mango Markets hack in which the hacker conducted an oracle manipulation that eventually led to a loss of $100 million.
“While we are always one Ronin-size hack away from a record setting year, the global focus on cybercrime is lik
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