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For yet another year , hackers stole billion of dollars in crypto . But for the first time since 2020 , the movement is downwardly , according to crypto security firms .

This class , cyberpunk steal around $ 2 billion dollars in crypto across wads of cyberattacks and stealing , according to De . FI , the web3 certificate firm that runs theREKT database . The site ranks the worst - ever crypto hacks , from the breach ofthe Ronin web in 2022 , where hackers stole more than $ 600 million in crypto in what stand as the largest incident in history , to the hack against Mixin web this year , which empty the hackers around $ 200 million .

“ This amount , though disperse across various incidents , underscore the persistent vulnerabilities and challenges within the DeFi ecosystem , ” De . Fi wrote in its report , which the firm shared with TechCrunch . “ 2023 stand as a will to both the ongoing vulnerabilities and the strides made in call them , even as pursuit in the infinite was relatively muted by the ongoing bear food market in the first half of the class . ”

Earlier in December , blockchain intelligence companionship TRM Labs alsoreleased an estimate of the amount of crypto stolenby cyber-terrorist this year . According to the company , the totality as of mid - December stood at about $ 1.7 billion .

Among the other forged crypto theft of the year include the hack against Euler Finance , in which hacker stole almost $ 200 million ; as well as major hacks against Multichain ( $ 126 million ) , BonqDAO ( $ 120 million ) , Poloniex ( $ 114 million ) and Atomic Wallet ( $ 100 million ) , among century of others .

Last year , blockchain monitoring firmChainalysis reported that cybercriminals had stolen an all - time record of around $ 3.8 billionin crypto . Of those , $ 1.7 billion were stolen by North Korean government hackers known as Lazarus Group , one of the most prolific groups of crypto thieves , as part of an elbow grease to fund the regime ’s approve nuclear weapon system programme .

“ It is n’t a stretch to say that cryptocurrency hacking is a hefty chunk of the nation ’s economy , ” Chainalysis said in its report last year .

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The year before , hackers slip $ 3.3 billion in 2021,according to Chainalysis ,

It ’s inconceivable to presage what will happen in 2024 . But give the hapless security follow through by many crypto and web3 projects and the rank amount of monetary value they control asdiscussed earlier this yr at TechCrunch Disrupt , we can carry drudge to continue direct the growing industriousness .

Correction : Amended ascription to the REKT Database in the second paragraph .

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