Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm

The crypto community is being urged not to let their guard down despite a significant decline in crypto hacks during the first quarter of 2023 — with one firm warning it is most likely a “temporary reprieve, rather than a long-term trend.”

2022 was the biggest year for crypto hacking in history, with an estimated $3.8 billion stolen, primarily from decentralized finance (DeFi) protocols and North Korea-linked attackers,

In January, blockchain security firm Certik told Cointelegraph that it does not “anticipate a respite in exploits, flash loans or exit scams.”

It noted the likelihood of “further attempts from hackers targeting bridges in 2023.” Such bridges accounted for six of the 10 largest exploits in 2022, which saw around $1.4 billion stolen.

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