The Biggest Crypto Exploits and Hacks of 2023

Cryptocriminals continue to plague the crypto industry in 2023, with billions of dollars lost due to poor security.

Good news? According to analysts, this year was not as bad as last year.

Blockchain intelligence company TRM Labs he said. A December report noted that “while a few big hacks may close the gap in December,” 2023 “could end with significantly less money than 2022,” when a whopping $4 billion was stolen.

Still, a significant amount was lost this year as well, with TRM Labs figures adding up to $1.7 billion.

Let's take a look at the biggest hacks of the year. (The figures in this piece represent the value of the currency at the time of the disaster.)

Blend: $200 million

Infiltrators hit In September, Mixin, a Hong Kong-based cross-chain asset transfer and decentralized exchange project, raised $200 million in crypto. The project's “cloud service provider” was targeted and the project was decommissioned. Mixin was later criticized for his design, with decentralization proponents saying the project was more centralized than it was supposed to be.

Ulr Finance: $197 million

Hackers in March Targeted DeFi lender Euler from Flash loan Attack, taking $8.7 million in decentralized stablecoin DAI, $18.5 million in Stacked Bitcoin (WBTC), a whopping $135.8 million in Staked Ethereum (stETH), and $33.8 million in Circle USD stablecoin USDC.

The hacker later returns most of the stolen funds to users.

Poloniex: $126 million

Tron founder Justin Sun's Poloniex crypto exchange has been targeted by hackers. Removal Over $126 million in crypto in November. The criminals took Ethereum, Tron, stablecoins USDT and TUSD as well as large amounts of Mame coins.

Exchange later announced A portion of the assets linked to the hackers' addresses have been frozen and Poloniex's operating income could cover the losses.

Atomic wallet: 100 million dollars

North Korean hackers hit The self-sustaining, decentralized Atomic Wallet received $35 million in digital tokens in early June. Number then He grew up Almost three times as funds continue to leave wallets – and no explanation given to customers.

Blockchain company Elliptic later suspended its addresses, saying it was cooperating with several investigators and exchanges to track and block the stolen funds.

Curve: 60 million dollars

Infiltrators Targeted Decentralized Finance (DeFi) protocol curve in July. The decentralized exchange running on Ethereum was one of several protocols that forked its code, allowing hackers to discover vulnerabilities in the programming language it later used, Vyper.

But Kurba offered a reward to the attacker and It has been successfully retrieved 73% recovery on August 7.

Kyber: $48 million

Hackers hit DeFi marketplace creator KyberSwap in an attack in November, stealing nearly $50 million worth of crypto. Then things got weird: the exploiter wrote an open chain demanding full control of the protocol and the company behind it, and the purge of Kyber's leadership.

Share: 40 million dollars

In September, hackers hit Stock, a gambling site popularized by rapper Drake, hacked for $40 million. Cryptocurrencies were released from a wallet owned by the gambling platform, but the company insisted that customer funds were safe.

Criminals took $16 million in Ethereum, Tether, USD Coin and DAI before siphoning off another $25 million in Binance Smart Chain and Polygon, experts said. After the FBI he said. The Lazarus Group, a hacking organization with ties to North Korea, is behind the attack.

Edited by Ryan Ozawa.