TL;DR
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Based on the latest report from TRM Labs, ~$400M value of crypto was stolen within the first three months of 2023.
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That quantity – $400M – is 70% much less than the identical interval final yr.
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There are just a few explanation why this might be the case, however both method, the much less crypto stolen, the higher – and we hope that continues.
Full Story
This may sound dangerous at first, however hear us out.
Based on the latest report from TRM Labs, ~$400M value of crypto was stolen within the first three months of 2023.
(See – sounds dangerous).
That quantity – $400M – is definitely 70% much less than the identical interval final yr.
(Barely much less dangerous).
So why the dramatic lower?
The optimistic take:
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As initiatives mature, they turn out to be much less susceptible to assaults.
The extra hacks that’ve occurred previously –> the extra initiatives know what to account for –> the safer they turn out to be –> the much less general variety of hacks.
The neither-here-nor-there take:
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There have been nonetheless loads of assaults on crypto initiatives, however the magnitude was wayyy down.
For instance, the Axie Infinity Ronin bridge hack in March final yr was value $650M alone – so perhaps there are simply much less, large hacks.
The unfavorable take:
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Possibly, simply perhaps, the variety of assaults has lowered as a result of individuals have stopped caring as a lot.
Builders have moved to AI, as have the funds from enterprise capital corporations.
Or perhaps it is a mixture of the entire above.
Both method, much less $$ stolen is sweet, and we hope that continues.
