1 year ago
Blockchain analytics steadfast Chainalysis says 2022 was “the biggest twelvemonth ever for crypto hacking,” with $3.8 cardinal stolen from cryptocurrency businesses. The steadfast added that decentralized concern (defi) protocol hacks accounted for 82.1% of each cryptocurrency stolen by hackers during the year.
Crypto Hacking Hit Record High successful 2022
Blockchain analytics steadfast Chainalysis published a conception of its upcoming 2023 Crypto Crime Report connected Wednesday, stating:
2022 was the biggest twelvemonth ever for crypto hacking, with $3.8 cardinal stolen from cryptocurrency businesses.
The steadfast explained that crypto hacking enactment importantly accrued successful March and peaked successful October — the period which “became the biggest azygous period ever for cryptocurrency hacking, arsenic $775.7 cardinal was stolen successful 32 abstracted attacks,” Chainalysis described.
The steadfast added that “82.1% of each cryptocurrency stolen by hackers — a full of $3.1 billion” came from decentralized concern (defi) hacks. Noting that this percent was up from 73.3% successful 2021, the steadfast pointed retired that $3.1 cardinal of 64% came from cross-chain span protocols specifically.
Chainalysis besides elaborate that “North Korea-linked hackers … person been by acold the astir prolific cryptocurrency hackers implicit the past fewer years,” elaborating:
In 2022, they shattered their ain records for theft, stealing an estimated $1.7 cardinal worthy of cryptocurrency crossed respective hacks we’ve attributed to them.
Moreover, the blockchain analytics steadfast stated that North Korea-linked hackers stole $1.1 cardinal of that magnitude from defi protocols, making North Korea “one of the driving forces down the defi hacking inclination that intensified successful 2022.” Besides defi protocols, Chainalysis noted that “North Korea-linked hackers besides thin to nonstop ample sums to mixers, which person typically been the cornerstone of their wealth laundering process.”
The steadfast further elaborate that “For overmuch of 2021 and 2022, North Korea-linked hackers astir exclusively utilized Tornado Cash to launder cryptocurrency stolen successful hacks.” Ethereum mixer Tornado Cash was sanctioned by the U.S. authorities successful August past year.
What bash you deliberation astir hackers stealing $3.8 cardinal from cryptocurrency firms past year? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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