Defi lenders and crypto bridges lead exploits in 2023
A report from IntoTheBlock showed that defi hacks are on course to post the lowest losses seen in two years despite over $1.7 billion stolen in November alone. Data from the blockchain analytics provider indicated that defi lending protocols and cryptocurrency bridges were the top targets for hackers looking to siphon user funds. 2/ Though it may not feel like it, the amount lost to exploit s in DeFi has been trending down 2023 is on track to having the least amount of funds lost (~$1B) since 2020 pic.twitter.com/8fu0L7Hdqu — Lucas (@LucasOutumuro) December 13, 2023 While lenders suffered 34 attacks and lost $1.3 billion to theft, exploit ers pilfered nearly double that amount over 10 incidents, according to Lucas Outumuro, head of research at IntoTheBlock. The researcher further classified defi exploit s into two risk vectors, namely economic and technical. There is a greater number of technical exploit s, but the funds lost due to economic factors are much larger...