In a significant development within the blockchain industry, 2023 witnessed a notable reduction in security incidents, with a 34.31% decrease from the previous year. According to the latest Blockchain and Anti-Money Laundering report by Foresight News, the total number of incidents dropped to 464, incurring approximately $2.486 billion in losses. This is a stark contrast to the 2022 figures, where 303 incidents led to a staggering $3.777 billion loss.
The Decentralized Finance (DeFi) sector, however, remains a hotbed for security breaches, accounting for 60.77% of the total incidents. Although the sector saw a 62.73% decrease in losses, amounting to $773 million, it was significantly higher than the losses in other blockchain areas. Rug Pull events were notably prevalent, with 117 incidents and losses exceeding $83 million. The Base ecosystem was hit hardest, enduring losses of around $32.5 million, closely followed by BNB Chain’s $23.05 million loss.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
