Apart from regular users, it also caught the eyeballs of hackers and cyber attackers. As a result, several crypto exchanges, crypto companies, blockchain networks, and others face crypto hack attacks from time to time.
So, how many crypto hacks usually occur in a year? How much amount has been lost to crypto hacks? What are the popular types of hacks?
Let’s find out all these in this mega crypto hacks report:
Key Insights and Stats
In 2023 alone, $1.89 billion was lost in 297 crypto hack attacks. That is $289K lost every hour due to crypto hacks this year.
In 2022, crypto hacks reached an all-time high of $3.5 Billion stolen in 284 heist incidents.
Since 2011 to till date, Crypto companies and exchanges have lost a total amount of $12.36 billion in 1207 incidents.
Since 2011, about 192 crypto exchanges have been hacked and lost $3.80 billion in total.
2018 was the worst for crypto exchanges as they collectively lost $1.1 Billion to hacking and theft incidents.
There is also a significant rise in DeFi or decentralized finance hacks – the number stands at 93 and 76 for 2022 & 2023, respectively, leading to a collective loss of $1.12 billion.
Talking about lost Bitcoin and Ethereum, since 2011, there has been a total loss of 1,454,762 BTC and 1,175,082 ETH to different hacks. If you look at these numbers from today’s BTC & ETH price points, the numbers will stand at $40.27 billion and $1.93 billion, respectively.
Contract vulnerability and flash loan attacks are two common hacks, leading to a cumulative loss of $2.75 billion since 2011.
