HACK3D: The Web3 Security Quarterly Report - Q1 2023

Malicious actors drained $313,566,528 of value from Web3 protocols in the second quarter of 2023. This is a very similar figure to the $320 million lost in Q1, and a 58% decline from the $745 million lost in Q2 of 2022.

CertiK audited a total of over 3700 projects to date and reported on many incidents. In this report, you will learn about

Welcome to CertiK’s Hack3d report for Q1 of 2025! During this quarter, hackers stole more than $1.6 billion across 197 security incidents. These figures represent an approximate 303.38% increase in value lost compared to the previous quarter, the majority of which is due to the Bybit exploit, the largest crypto theft in history. In our report, we discuss the latest trends in Web3 security, including an analysis of the most prominent attack vectors and targeted chains. We also highlight a variety of our recently-published technical and educational resources.