The State of Blockchain Security - 2023 Edition
summary
Annual numbers show about $3.7B stolen in 2022 with per-incident losses often ~$12M; major incidents include a $586M Binance Smart Chain node exploit, $325M Wormhole bridge theft, and $197M Euler lending exploit. Attack techniques: approval phishing and zero-transfer phishing drain wallets, bridges fail on proof verification, and MEV bots plus a mev-boost bug leak blocks to steal ~$25M. Some funds return via white‑hat interventions. Builds needed: wallet firewalls, realtime monitoring, faster audits, and incident response services.
AI-written summary · about
chapters (8)
- 0:00Introduction to crypto security
- 1:32Economic impact and trends
- 4:33Cryptocurrency ecosystem model
- 6:43User and wallet security
- 11:28Exchange security
- 15:47Protocol and node security
- 22:07DeFi security landscape
- 41:07Career and community resources
related talks
27mThe State of DeFi Security - 2024
36mDeciphering Web3 Security: Implications and Innovations
40mBlockchain Security Guarantees and Exploits
49mAttacking and Defending Blockchains: From Horror Stories to Secure Wallets
49mAttacking and Defending Blockchains: From Horror Stories to Secure Wallets
23mWhere are Your Keys
19mSecuring a Cross-Chain Bridge
30mNFT Scams & Best Security Practices