Crypto losses declined over 50% in 2023

CertiK’s 2023 Web3 security report finds crypto losses fell 51% year-over-year to nearly $2B, with 10 large incidents (e.g., $200M Mixin and $197M Euler) accounting for $1.11B and a median loss of ~$101K across other events; incidents were less frequent on weekends, and about 12% of stolen funds were later returned via retroactive bug bounties. Despite improvements, CertiK’s CEO urges proactive security, stronger technical controls, and better user education (e.g., hardware wallets, 2FA, phishing awareness) to further reduce risk.