A report by blockchain security firm Halborn shows that, despite a decrease in the amount stolen in 2023, decentralized finance (DeFi) hacks remain a major threat to the industry. The report summarizes the 100 largest DeFi hacks that occurred between 2016 and 2023, with a cumulative total of $7.40 billion, the majority of which occurred on Ethereum, Binance, and other smart chains.