Cryptocurrency Users Lose Nearly $2 Billion to Scams, Rug Pulls and Hacks in 2023, Despite Improved Security Protocols
According to a report by security app De.Fi, cryptocurrency users lost nearly $2 billion to scams, rug pulls, and hacks in 2023, which is roughly half of the amount lost in the previous year. The reduction is largely attributed to improved security protocols, increased awareness within the community, and decreased activity in the market. However, the industry remains susceptible to security risks, as evidenced by the losses incurred by Ethereum, BNB Chain, zkSync Era, and Solana, among others. The most damaging attacks were access control exploits, followed by flash-loan attacks and exit scams.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — JST/USDT!
Ethereum Price Now Targets $2,875 as Vitalik Buterin Responds to Cardano Founder with 800x Update
Spot gold fell below $3,290/oz, down 0.90% on the day
Strategy is now the 88th largest company in the U.S. by market capitalization, a new high
Trending news
MoreCrypto prices
More








