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

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