Half as Many, Yet Still a Menace: 2023's Unyielding DeFi Hack Dangers Revealed
In the digital era where blockchain and decentralized finance (DeFi) have become buzzwords among tech enthusiasts and investors alike, the ever-present threat of cyber-attacks casts a long shadow over the industry's innovative potential With the rise of on-chain and off-chain attacks, understanding the nuances and the predominant trends of these threats in 2023 is crucial for stakeholders and participants in the DeFi space Understanding the Surge of Off-Chain Attacks in 2023 While blockchain technology has been lauded for its security and transparency, it is not impervious to malicious activities Off-chain attacks, which include the theft of private keys and other tactics not directly manipulating the blockchain, have shown a significant increase in both frequency and impact throughout 2023 These attacks accounted for a noteworthy 56...
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