Last year, hacker attacks caused a record $3.8 billion loss to crypto investors. The busiest month was October, when attackers seized $775.7 million as a result of 32 attacks.
Such figures in their report are provided by the Chainalysis blockchain analytics platform. Most of the attacks (82%), as in the previous year, were on decentralized finance (DeFi) protocols. So the hackers stole $3.1 billion.
According to analysts, DeFi’s transparency is both a strength and a weakness. Cyber criminals can scan the code and attack vulnerabilities.
The company notes that most of the attacks were carried out by North Korean hackers, including the Lazarus Group. Local cybercriminals embezzled around $1.7 billion, despite the DPRK’s export volume in 2020 amounting to $142 million.
“It would not be an exaggeration to say that cryptocurrency hacking is an important part of the country’s economy,” the report says.
According to Finbold’s research, in 2022, the number of cryptocurrency thefts increased 44% year-on-year. By early December, 190 such cases had been registered.
Photo: Unsplash
Author:
Ahmed Sadulayev
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
