This year was huge for all kinds of things, but the 2023 cryptocurrency hack is a notorious year for the industry, especially as it faced massive crimes and problems suffered by businesses and customers. A company that tracks these hacks claimed that this year alone, threat actors were able to steal up to $1.8 billion from different platforms and companies, which also affected those who invested in the coins.
The world was promised that cryptocurrencies and blockchain transactions are untraceable as they leave no paper trails, but that is also one of its flaws as it is prone to being hacked.
Crypto Hack 2023: Hackers stole $1.8 billion
(Photo: Jack Taylor/Getty Images)
TechCrunch shared a report of De.Fi pointed out the different trends the cryptocurrency industry has experienced in this era, with cryptocurrency hacking in 2023 experiencing a downward spiral for many crimes.
This year, De.Fi platform REKT's report said that many actors and threat groups stole a total of $1.83 billion worth of cryptocurrencies.
He REKT Platform reports and ranks the worst cryptocurrency hacks, and this year, the hack on the Mixin platform was one of the largest, amounting to around $200 million.
There is also the attack on Euler Finance where hackers stole almost $200 million, followed by the Multichain breach with $116 million stolen, Poloniex with $114 million stolen, and more.
Also read: Coin Cloud Hack: Bitcoin ATM Company Faces Breach, Sensitive Information Reportedly Stolen
Mass crimes in the history of cryptocurrencies
The top spot for the biggest thefts in cryptocurrency history was reported to be in 2022, with the infamous Ronin network breach where hackers were able to get away with up to $600 million.
Still, there is good news this year, as security measures employed by exchanges only saw $1.83 billion stolen, compared to $3.8 billion last year and $3.1 billion in 2021. .
Cryptocurrency Hacks of 2023
There are different types of cryptocurrency hacks in the world, and the most common is when threat actors directly steal from the company, access their systems, disable their security measures, and transfer the coins to other accounts. One of the best tricks this year was with HTX Global and Poloniex last Novemberand the attacks focus on ties to Justin Sun's companies.
One of the other methods used by threat actors is through phishing scams and the Using malware to obtain a person's credentials to use as authentication every time you access wallets and more. Through this, users cannot alert a user about the theft of their funds or holdings, sending massive attacks through regular communication platforms and even random links.
The world's love for cryptocurrencies is huge, and there is still a lot of hope for its progression and improvements in the future, unlike others who believe it will collapse. Despite everything cryptocurrency has been through this year, including declining prices as well as two executives facing jail time, cryptocurrency theft has hit another all-time high and is growing every year, according to the report.
Related article: Mt. Gox 2014 Bitcoin Hack: Customers Report Double Payments Made, Now Asking to Return Them
โ 2023 TECHTIMES.com All rights reserved. Not to be reproduced without permission.
