Crypto hackers stole a record $3.3bn from cryptocurrency businesses last year

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Crypto hackers stole a record $3.3bn from cryptocurrency businesses last year, says blockchain firm Chainalysis. It represents an increase of half a billion dollars in theft compared to the $3.3bn in 2021.

The increase is even more pronounced when compared to 2019 and 2020, when each year’s total was significantly lower at $500 million. Over the course of 2022, October was the most lucrative single month for cryptocurrency hacking, with $775.7 million stolen in 32 separate attacks, the most notable of which were the hacks on BNB Chain and Mango Markets. March saw another surge in cryptocurrency hacking, with $732.4 million stolen, owing in large part to the Axie hack.

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Crypto hackers stole a record $3.3bn from cryptocurrency businesses last year

Crypto hackers stole a record $3.3bn from cryptocurrency businesses last year, says blockchain firm Chainalysis. It represents an increase of half a billion dollars in theft compared to the $3.3bn in 2021.

The increase is even more pronounced when compared to 2019 and 2020, when each year’s total was significantly lower at $500 million. Over the course of 2022, October was the most lucrative single month for cryptocurrency hacking, with $775.7 million stolen in 32 separate attacks, the most notable of which were the hacks on BNB Chain and Mango Markets. March saw another surge in cryptocurrency hacking, with $732.4 million stolen, owing in large part to the Axie hack.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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