Crypto Security: Unmasking the Top Hacks and Trends in Digital Asset Security 2023
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Decentralized Finance (DeFi) protocols account for the majority of the hacks, with 82.1% of the funds compromised last year originating from this niche. Over 50% of the hacks in DeFi can be attributed to smart contract vulnerabilities, which, although are a fundamental part of the DeFi ecosystem, also present huge security risks.