Crypto Users Lost $2B in 2023, Half of 2022's Total

Despite improved security protocols and increased awareness, the industry remains susceptible to security risks, with Ethereum experiencing the highest losses.

Cryptocurrency users lost nearly $2 billion to scams, rug pulls, and hacks in 2023, roughly half of last year's amount, according to security app De.Fi.
Ethereum, the biggest blockchain by active users and value locked, experienced the highest losses, with about $1.35 billion erased in an estimated 170 incidents.
Access control exploits were the most damaging, resulting in losses of more than $852 million out of 29 instances.
Flash-loan attacks were the second-most cash-generative method, leading to $275 million lost over 36 cases.
Exit scams accounted for $136 million over 263 cases.