CertiK: $1.8B+ in digital assets was lost across 751 crypto hacks in 2023, down 51% from the $3.7B lost in 2022; Q3 2023 recorded the most losses, at $686M+
so-called “retroactive bug bounties.” $219 million was returned in 36 incidents. While fortunate, this is not a reliable loss mitigation strategy. @certik : 2/ Private key compromises accounted for nearly one-half of the year's losses, despite making up just 6% of incidents. [image]
6/ Institutions showed increased interest in blockchain throughout 2023. Swift and the Hong Kong Monetary Authority made major moves, taking the latest steps in the slow but steady march towards institutional adoption.
4/ An interesting trend emerged in 2023—so-called “retroactive bug bounties.” $219 million was returned in 36 incidents. While fortunate, this is not a reliable loss mitigation strategy.