Tuesday, September 16, 2025
spot_img

Hackers stole nearly $2 billion in cryptocurrencies in 2023

Date:

Share post:

spot_imgspot_img

Shillong, December 27: Hackers stole around $2 billion in cryptocurrencies in 2023, a substantial decrease from an all-time record of around $3.8 billion in 2022.

Among the major hacks this year was Hong Kong-based crypto company Mixin that saw $200 million being stolen in a data breach that occurred in September.

In March, Cyber-criminals stole about $197 million from crypto lending platform Euler Finance.

According to De.FI, the Web3 security firm that runs the REKT database, the $2 billion in crypto hacking this year, “though dispersed across various incidents, underscores the persistent vulnerabilities and challenges within the DeFi ecosystem”.

“2023 stood as a testament to both 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 wrote in its report shared with TechCrunch.

In December, leading crypto exchange HTX witnessed a net outflow of $258 million after a $30 million hack in November.

Atomic Wallet, a mobile and desktop crypto wallet allowing users to store various cryptocurrencies, witnessed a security breach in June and lost over $35 million in crypto assets.

Over $7 billion in cryptocurrency has been illicitly laundered through cross-chain crime, with North Korea’s Lazarus Group being linked to the theft of around $900 million between July 2022 and July of this year.

According to the blockchain analytics firm Elliptic, cross-chain services are fast becoming the preferred money laundering method for a range of cybercrimes, including scams and crypto thefts.

Cross-chain crime refers to the swapping of crypto assets between different tokens or blockchains — often in rapid succession and with no legitimate business purpose — to obfuscate their criminal origin.

Last year, Blockchain monitoring firm Chainalysis reported cryptocurrency hackers stole $3.8 billion, making it the worst year on record for crypto investors, up from $3.3 billion in 2021. (IANS)

spot_imgspot_img

Related articles

RGU holds AICTE-VAANI national conference in Assamese language

Guwahati, Sept 16 : The Assam Royal Global University (RGU) successfully hosted a two-day national conference under the AICTE-VAANI...

Mauritius PM calls on President Murmu, concludes State Visit to India

New Delhi, Sep 16: Mauritius Prime Minister Navinchandra Ramgoolam called on President Droupadi Murmu at the Rashtrapati Bhavan...

Stock market soars amid India-US trade talks and Fed rate cut hopes; Sensex up 595 points

Mumbai, Sep 16: The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of...

After GST rate cut, govt waives mandatory re-labelling of medicines

New Delhi, Sep 16: In a major relief for the pharma sector, the government has dismissed the mandatory...