PeckShield’s 2023 Crypto Hacks Report: A $674 Million Recovery Breakthrough Signals Shifting Security Landscape
TL;DR, PeckShield reveals 2023 crypto hacks totaled $2.61 billion in losses, but uniquely, victims successfully recovered $674.9 million—a 25% recovery rate achieved through active negotiations and bug bounties. While overall incidents declined, DeFi protocols remained the primary target, accounting for two-thirds of losses. Flash loan attacks and compromised private keys were the dominant methods used…
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