Record $3.8 billion stolen in crypto hacks last year, report says | CNN Business

The increase in crypto heists, from $3.3 billion in 2021, came as the overall market for cryptocurrencies suffered significant declines. The value of Bitcoin, for example, fell by more than 60% last year. North Korea was a key driver for the surge in thefts, according to the report. Hackers linked to the country stole an estimated $1.7 billion worth of crytopcurrency through various hacks in 2022, up from $429 million in the prior year, Chainalysis said.

In addition to hacking cryptocurrency firms, suspected North Koreans have posed as other nationalities to apply for work at such firms and send money back to Pyongyang, US agencies have publicly warned. In general, decentralized finance protocols were the main target of hackers, accounting for more than 80% of all cryptocurrency stolen for the year, according to the report.

So theoretical money can be stolen too?

They said crypto was safer and unstealable :))))

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Crypto hacks stole record $3.8 billion in 2022, led by North Korea groupsLast year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea, according to a U.S.-based blockchain analytics firm. wow $3.8 billion.. imagine, all the world's hackers managed to steal even more than SBF This is terrible news! We need to do better at protecting our crypto assets.
Source: NBCNews - 🏆 10. / 86 Read more »

Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups - reportLast year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday. Probably used unsecured Korean proxies but might as well blame the north ✅ Crypto hacks stole bits and bytes that never had any real value.
Source: Reuters - 🏆 2. / 97 Read more »