Crypto Hackers Stole Around $1.7 bln in 2023 - Report

January 24, 2024, 11.14 PM | Source: Reuters
Crypto Hackers Stole Around $1.7 bln in 2023 - Report

CRYPTO - Hackers of cryptocurrency platforms stole around $1.7 billion in 2023, around 54.3% lower than the year before, a Chainalysis report showed on Wednesday.

Cyber attacks have been a persistent challenge for the crypto industry, and widespread hacking is one of the reasons why most regulators around the world frown upon crypto.

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Though stolen funds more than halved, the number of individual hacking incidents grew to 231 last year from 219 in 2022, Chainalysis said.

The number of hacks by North Korea-linked organizations rose to 20 last year, the highest on record. They stole slightly over $1 billion, Chainalysis estimated, compared with $1.7 billion in 2022.

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North Korea has previously denied allegations of hacking or other cyber attacks.

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Editor: Yudho Winarto

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