According to crypto security firms, hackers have stolen around $2 billion in crypto this year, which is a decrease from previous years. The thefts occurred across dozens of cyberattacks and thefts, with the largest incident being the breach of the Ronin network in 2022, where hackers stole more than $600 million in crypto. Despite the decrease in thefts, the persistent vulnerabilities and challenges within the DeFi ecosystem are still evident. With poor security implemented by many crypto and web3 projects, it is expected that hackers will continue to target the growing industry.