The most affected Cryptocurrency breaches in 2023 are Ethereum.

Digital assets incurred a loss of up to 1.8 billion dollars due to security incidents in 751 cases of breach recorded in the year 2023.

According to Coin Telegraph, although this amount remains significant, it represents a 51% decrease compared to the previous year, where losses reached $3.7 billion in 2022 due to breaches and security incidents in the digital currency sector.

This data is sourced from CertiK’s annual report titled “Hack3d: The Web3 Security Report 2023”.

Yesterday, on January 3rd, the company compiled a document highlighting the state of web security 3 during the past year. This document included data on the decrease in the amount of money lost due to hacking operations.

In the report, the company noted that the third quarter of 2023 witnessed the highest percentage of losses in lost digital currencies, amounting to more than $686 million.

As shown by the major concessions, the cost was higher for cyber attackers, with a total loss of over 880 million dollars due to 47 instances of key breaches.

According to “Coin Telegraph,” when it comes to blockchain networks supporting cryptocurrencies, the Ethereum network was the most affected, losing $686 million in 224 hacking incidents, with an average of $3 million per incident.

While the Binance (BNB) series recorded up to 387 breaches, the total losses amounted to only $134 million, significantly lower than Ethereum’s losses.

The operational compatibility across chains remains a continuous issue for cryptocurrencies, as stated in the report, which highlighted losses of around $800 million due to security breaches affecting multiple blockchain networks.

Coin Telegraph reported statements from Ronghui Gu, co-founder of CertiK, the company that released this report, stating that 2023 was a “positive development” for blockchain security.

In his statements, “Goo” said that the growth of bug bounty platforms and other proactive security measures has been a positive sign, so we hope to see a continuous decrease in losses throughout 2024 as well.

In his statement, Ghoo added that the 51% decrease in losses can be attributed to the broader market decline, which saw a decrease in token and treasury valuations in the digital currency sector throughout the past year.

However, “Goo” believes that if the losses remain low during the upward trend, it will indicate that the Web 3 sector is “learning its security lessons,” referring to improved security performance and data preservation in the digital currency sector for the future.