DeFi Exploit Losses Drop 74% Since 2022 Peak, But Unverified Smart Contracts Emerge as New Attack Vector
DeFi protocol losses from exploits fell from $2.62 billion in 2022 to $680.3 million in 2025, according to Immunefi, even as Chainalysis reports attackers are increasingly targeting unverified smart contracts, which accounted for $36.7 million in losses across four exploits in the past six months.