Crypto asset losses from the network went from $1.1 billion in 2022 to around $161 million in 2023.
The amount of crypto lost on BNB Chain broke a three-year uptrend, dropping 85% in 2023, according to the latest AvengerDAO report by security firms CertiK, Hashdit, Ancilia and Salus.
Within the report, the security firms highlight that losses incurred on the BNB Chain have consistently increased since 2020, recording their peak in 2022. That year, the BNB Chain ecosystem recorded over $1.1 billion in crypto assets stolen. However, in 2023, the network saw its losses decrease to $161 million — a steep drop from 2022.
The report also noted that both hacks and scams conducted on the BNB Chain dropped in terms of funds stolen. For hacks, there was a 91% decrease in the amount lost, while scams had a 54% decrease in 2023.
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Source: https://cointelegraph.com/news/bnb-chain-losses-decline-crypto-report-2023-avengerdao