Ethereum suffered highest losses due to rug pulls and hacks, data shows
As per SlowMist’s latest research report, Ethereum experienced the highest losses, amounting to $487 million, followed by Polygon. According to the SlowMist report, a total of 464 security incidents resulted in losses totaling almost $2.5 billion in 2023. The figure marks a 34.2% decrease in losses compared to 2022, which saw slightly over 300 incidents that totalled $3.8 billion. Analyzing the project types, decentralized finance (DeFi) emerged as the most frequently targeted sector, experiencing over 280 security incidents in 2023, losses that constituted 60.7% of the total incidents. Distribution and losses of security incidents in 2023 | Source: SlowMist You might also like: Major crypto hacks of 2023: how industry lost over $1b within minutes The financial toll from these incidents amounted to $773 million, representing a significant 62.7% decrease in losses year-over-year compared to 2022, which had 183 incidents with losses of around $2 billion, SlowMis...