Crypto Hacks Stole Record $3.8 Billion in 2022, Report Finds

Crypto Hacks Stole , Record $3.8 Billion in 2022, Report Finds.
NBC reports that last year was the worst
on record for cryptocurrency theft,
with hackers taking as much as $3.8 billion. .
According to a U.S.-based blockchain
analytics firm, hackers linked to North Korea
stole a record-breaking amount in 2022. .
A report by Chainalysis released on February 1
found that hacking activity had
"ebbed and flowed" throughout the year. .
The report also found that
there were "huge spikes"
in both March and October. .
The month of October ended up being the biggest
single month ever for cryptocurrency hacking with
32 separate attacks resulting in $775.7 million stolen.
NBC reports that 2022 was a hard year for
cryptocurrencies, with diminishing risk appetite
and the collapse of several crypto firms.
NBC reports that 2022 was a hard year for
cryptocurrencies, with diminishing risk appetite
and the collapse of several crypto firms.
In the end, investors suffered huge
losses, and regulators increased calls
to bolster consumer protection.
According to the report, North Korea-linked
hackers, like the syndicate Lazarus Group, stole
an estimated $1.7 billion in multiple 2022 attacks.
In 2022, they shattered
their own records for theft, Chainalysis report, via NBC.
It isn’t a stretch to say that
cryptocurrency hacking
is a sizable chunk of
the nation’s economy, Chainalysis report, via NBC