Last year was the biggest year in history for cryptocurrency hacking, according to a new report from the software company Chainalysis. It said $3.8 billion had been stolen in 2022.
Representation of Bitcoin is seen with binary code displayed on a laptop screen in this illustration photo taken in Krakow, Poland, on August 17, 2021.
In 2022, the group stole an estimated $1.7 billion worth of cryptocurrency across several hacks Chainalysis attributed to it. Of that sum, $1.1 billion was stolen in hacks of decentralized finance protocols. A DeFi protocol is a set of codes that govern how digital assets are used on a blockchain network, according to The Defiant.DeFis protocols as victims accounted for 82.
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