Data from DefiLlama shows that the crypto industry has experienced over 518 hacks in the past decade, resulting in more than $17 billion in stolen assets.
The figures highlight a steady increase in both the scale and sophistication of attacks, particularly within the decentralized finance (DeFi) sector, which remains a prime target due to its reliance on smart contracts and open infrastructure.
The cumulative trend indicates that both the number of incidents and total losses have risen in parallel, underscoring ongoing security challenges despite advancements in protection measures.
Experts attribute most breaches to smart contract vulnerabilities, poor key management, phishing attacks, and supply chain risks.
This trend reinforces the need for stronger security audits, improved infrastructure, and higher governance standards across crypto projects to mitigate future risks.