DeFi total losses breach $77B as July records largest loss of 2023 with $389M stolen

De.Fi’s Rekt Database reports that July saw $389.82 million in DeFi losses related to hacks and exploits, pushing the cumulative total value of all of to cross the threshold of $77 billion.

Ethereum emerged as the most targeted, losing $350 million across 36 incidents. Multichain, however, suffered the most severe single-case loss of $231 million due to an access control exploit, according to the De.Fi analysis.