CipherTrace: Majority of 2020's crypto thefts occurred in the DeFi space

Volume on decentralized finance (DeFi) platforms was at an all-time high in 2020 — and so were the number of attacks and thefts in that arena, according to blockchain analysis firm CipherTrace’s Crime Report

Over 50% of crypto thefts in 2020 stemmed from DeFi attacks, adding up to $129 million. That’s more than 25% of the year’s total volume from hacks and other incidents.


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