BNB Chain Incurs an 85% Decrease in Losses Due to Security Incidents in 2023

AvengerDAO, in collaboration with Hashdit, Certik, Ancilia, and Salus Security, has jointly released its 2023 Security Report. The report provides an in-depth analysis of security events that occurred on the BNB Smart Chain (BNB Chain) in 2023. Financial losses on the BNB Chain significantly decreased in 2023, showing an 85% reduction compared to the previous year.

Specifically, fiat losses decreased from approximately $43.7 million in the third quarter of 2023 to around $15.6 million in the fourth quarter, representing a 64% reduction. This decrease is mainly attributed to a 51% reduction in losses from hacker attacks. The core development team of BNB Chain expressed gratitude to the AvDao committee members Hashdit, Certik, Ancilia, and Salus for their insights and feedback, acknowledging their crucial role as leaders in the crypto security field in maintaining industry integrity.