DeFiLlama Data Shows Crypto Hacks Caused More Than $17 Billion in Losses

According to DeFiLlama data cited in the report, 518 crypto hacks over the past decade caused more than $17 billion in losses, with attack patterns shifting from smart contracts toward keys, bridges, and wallets.

RSETH

Summary

Data from DeFiLlama cited in the report shows that 518 crypto hacking incidents over the past 10 years resulted in losses exceeding $17 billion. The report says attackers have increasingly shifted away from primarily exploiting smart contracts and are targeting private keys, bridges, and wallets more often. It also notes that rsETH recorded losses of about $290 million, highlighting the continued scale of security risks across the digital asset sector.

Terms & Concepts
  • DeFiLlama: A crypto data platform that tracks decentralized finance protocols, market metrics, and industry data, including exploit and loss statistics.
  • Smart contracts: Self-executing code on a blockchain that automates transactions or protocol functions and can be exploited if vulnerabilities exist.
  • Bridges: Blockchain tools that move assets or data between separate networks and are frequent security targets because they connect multiple systems.