CertiK co-founder Ronghui Gu told Cointelegraph that, all things considered, 2023 was a “positive development” for blockchain security.
$1.8 billion in digital assets were lost across 751 security incidents in 2023. While the amount is still huge, it was 51% lower than in 2022, when losses to hacks and other incidents reached $3.7 billion.
The data comes from blockchain security firm CertiK’s annual report titled “Hack3d: The Web3 Security Report 2023.” On Jan. 3, the security company compiled a document highlighting the state of Web3 security in the last year.
Within the report, the company noted that the third quarter of 2023 recorded the most losses at over $686 million. Furthermore, private key compromises continued to be the most costly attack vector. In 2023, over $880 million were lost to 47 incidents where private keys were compromised.
