Here’s how much was lost to crypto hacks and exploits in Q1 2023 By Cointelegraph



Hackers were able to gain access to more than $320 million in the first quarter of 2023 alone, according to on-chain data consolidated by blockchain security firm CertiK in its quarterly report.

The losses were significantly lower than in 2022’s first and fourth quarters, when hackers took around $1.3 billion and $950 million, respectively. According to CertiK, the low amount of losses may be linked to events happening off-chain that had an impact on the crypto industry as a whole, such as the issues with Silvergate Bank and the depegging of (USDC) at the height of the Silicon Valley Bank collapse.

Number of incidents and the amount lost in the first quarter of 2023 by blockchain. Source: CertiK