Digital Asset Security Improves as Crypto Hacks Decline in 2023

Key Takeaways

In 2023, crypto hack losses decreased by 51% to $1.8 billion, compared to $3.7 billion in 2022.
Private key compromises were the costliest attack type, and Ethereum recorded the highest losses among blockchains.
The decline in losses is seen as a positive sign of improving security measures in the blockchain sector.

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