HomeDIGITAL ASSETS REGULATORYworldwide-stablecoin2023 Crypto Hacks Lead to $1.8B in Losses, ENS Token Sees Remarkable...

2023 Crypto Hacks Lead to $1.8B in Losses, ENS Token Sees Remarkable Growth: Finance Redefined

In 2023, the Web3 ecosystem suffered a significant financial loss of $1.83 billion due to hacks and scams. However, this figure represents a 50% decrease compared to the previous year, 2022. Despite the drop, the impact of these malicious activities remains substantial. The Web3 community continues to face ongoing challenges in combatting these threats and protecting the ecosystem from further financial losses. It is crucial for stakeholders to prioritize security measures and develop robust strategies to mitigate the risks associated with hacks and scams in order to safeguard the future of Web3.

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