Jan. 9, 2024, 6:08 p.m. | Scofield Idehen

DEV Community dev.to

Web3 platforms and crypto networks were rocked in 2023 by over $1.8 billion lost across 751 reported security incidents, according to Cointelegraph 


This staggering sum represents over half of the $3.7 billion drained by hacks in 2022, showing that while incremental progress has been made, lax security practices continue plaguing many cryptocurrency users and decentralized applications.


While the total amount stolen dropped 51% compared to 2022, the 751 successful attacks in 2023 still represent massive breaches that now seem …

continue crypto cryptocurrency cryptocurrency users hacks incidents lax security lost networks platforms practices progress security web3

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