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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.
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