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Business News of Wednesday, 27 December 2023

Source: www.punchng.com

Hackers stole $2 billion in crypto in 2023 – Report

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A 2023 report has revealed that cybercriminals successfully stole around $2 billion in cryptocurrencies through various cyberattacks.

According to the report by De.FI, the security firm overseeing the REKT database, this year underscores the existing vulnerabilities in the cryptocurrency space and the ongoing efforts being undertaken to mitigate these risks.

“This amount, though dispersed across various incidents, underscores the persistent vulnerabilities and challenges within the DeFi ecosystem. 2023 stood as a testament to the ongoing vulnerabilities and the strides made in addressing them, even as interest in the space was relatively muted by the ongoing bear market in the first half of the year,” De.FI stated in the report.

The 2023 figures for stolen cryptocurrency represent a decrease compared to the 2022 record of approximately $3.8 billion in crypto thefts. READ MORE