2016-2023
Comprehensive
Report
/ Scroll down to find out the surprising trends and data we uncovered /
//STATS & FINDINGS
$7.35 BILLION in total losses¹
2016-2023
TOTAL LOSSES
$7.35
BILLION
Largest Hack
$624
MILLION
Most attacked chains
ETH, BSC,
POLYGON
Common Exploits
33%
direct contract exploitation
Audited vs Unaudited
39%
not audited
//Defi Hacks
//Ethereum and Binance Smart Chain
//The Achilles Heel of DeFi
Mar Aguilar
Lead Security Architect and Researcher, Author of the Top 100 DeFi Hacks Report
//STAY AHEAD OF HACKERS
Implement Comprehensive Security Audits: Regular and thorough audits of smart contracts and the entire ecosystem can identify and mitigate vulnerabilities before they are exploited.
Use Multi-Signature or Multi-Party Computation (MPC) Wallets: These wallets enhance security by requiring multiple signatures or computations for transactions, reducing the risk of single-point failures.
Regular Updates and Patches: Keeping smart contracts updated with the latest security patches can prevent known vulnerabilities from being exploited.
Robust Key Management Practices: Employing cold wallets for storing private keys and ensuring strong encryption and storage practices can protect against key compromises.
Monitor for Suspicious Activities: Implementing real-time monitoring and conducting regular security assessments can help detect and respond to potential threats swiftly.
Sign up to receive future reports and updates from our research team
¹ It should be noted that 2018 and 2019 do not appear throughout the datasets. This is because none of the attacks during those years were big enough to make it to the top 100 list.