The amount of stolen cryptocurrency in 2023 has been determined.

According to a newly released report, hackers managed to steal a significant amount of cryptocurrency in 2023. However, for the first time since 2020, the amount of stolen cryptos is showing a downward trend.

This year, hackers stole billions of dollars worth of cryptocurrency again. However, according to crypto security firms, for the first time since 2020, the trend is downward.

According to De.FI, a web3 security firm operating the REKT database, hackers stole approximately $2 billion in crypto through dozens of cyberattacks this year. The site listed the worst crypto attacks to date, from the breach of the Ronin network in 2022 where hackers stole over $600 million in crypto, to this year’s attack on the Mixin Network, which earned hackers around $200 million.

In early December, blockchain intelligence company TRM Labs also released an estimate of the amount of crypto stolen by hackers this year. According to the company, as of mid-December, the total amount is approximately $1.7 billion.

Among the other worst crypto thefts of the year is the attack on Euler Finance, where hackers stole nearly $200 million. Additionally, there are hundreds of other attacks, including major ones targeting Multichain ($126 million), BonqDAO ($120 million), Poloniex ($114 million), and Atomic Wallet ($100 million).

Last year, blockchain tracking firm Chainalysis reported that cybercriminals stole approximately $3.8 billion in cryptocurrency, a record high. Of this, $1.7 billion was stolen by hackers associated with the North Korean government known as the Lazarus Group, one of the most effective crypto theft groups. Chainalysis also stated in their report last year, “It would not be an exaggeration to say that cryptocurrency theft is a significant part of the national economy.” According to Chainalysis, in the previous year, hackers stole $3.3 billion in 2021.

Predicting what will happen in 2024 is impossible. However, given the weak security implemented by many crypto and web3 projects and the magnitude of their financial value, we can expect hackers to continue targeting the growing sector.

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