Dec 29, 2023

Data from TRM Labs shows that hack volumes in crypto fell by more than 50% in 2023 when compared to the year before.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. According to TRM Labs, hack volumes fell by more than 50% in 2023 when compared with the year before. The firm notes that while the number of attacks remained relatively stable, the amount of funds stolen shrunk to $1.7 billion through November 2023 less than half of the nearly $4 billion lost to hacks in 2022 infrastructure attacks accounted for almost 60% of the total amount stolen this but the most damaging type of attack being private key theft at around $30 million per incident. These types of attacks were significantly larger on average than protocol attacks and code exploits. TRM Labs notes that vigilance and adaptability remain crucial to maintain a positive trajectory for 2020. That's a wrap for today's chart of the day. I'm Jen San Asi. We'll see you next time to unpack more of the data behind top news stories.

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