Defi Hacks Remain a Major Threat Despite 50% Decline in 2023: Halborn

Although on-chain hacks including smart contract exploitation, price manipulation and governance attacks are most prevalent, off-chain attacks like private key theft represent 29% of the total number of attacks and 34.6% of the funds stolen in general. In 2023 off-chain attacks made up 56.5% of total attacks and accounted for 57.5% of the stolen amount.