Coin

<ul class="news-points"> 
 <li>Stolen funds in crypto saw a decrease of 54.3% in 2023, despite an increase in the number of crimes.</li> 
 <li>While 2022 witnessed a loss of $3.7 billion in crypto thefts, it decreased to a mere $1.7 billion in 2023.</li> 
 <li>North Korean hackers surged in the number of thefts, accumulating almost $1 billion in 2023.&nbsp;</li> 
</ul> 
According to the latest Chainalysis <a href="https://www.chainalysis.com/blog/crypto-hacking-stolen-funds-2024/" target="_blank" rel="nofollow">report</a>, the funds stolen over the last year in crypto crimes show a substantial decrease despite a surge in crimes. Reportedly, 2023 saw a loss of $1.7 billion in crypto thefts, a decrease of almost 54.3% from 2022’s $3.7 billion. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/RimoBDLGdFlwND91Upl50pX2CdrN1-kgAjvlySupwqIo0DViJPUVjZ3t2MHQzVq0FZZUtv1YKkZudhvV4kqxjBIjdT9FAFDZoG3a0Q-hBb0X15B2ClxI9kqDNswalNDkEse1ucyND9uiy2Lv" alt="">
</figure> 
Source: <a href="https://www.chainalysis.com/blog/crypto-hacking-stolen-funds-2024/" target="_blank" rel="nofollow">Chainalysis</a> 
In addition, the report revealed that North Korean hackers like Kimsuky and Lazarus Group have shown a hike in crypto attacks in 2023. As per the record, though North Korean hackers were connected with thefts involving $1.7 billion in 2022 and $1 billion in 2023, the number of crimes rose to a high of 20 in 2023. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/6SXi1-af8LkyQXd-NDNP2mrIxb0WN8qvb-3FSEXL1EXTkZi0QwALMuuXpQE2gpRTaQwAoKzQ0tsFSfH8T_kADRTLhMDMXC9R3JfJs58vZDtaJ45rwJoTwnYA0QyxkZZ7y5liSSpoqz5jpCUX" alt="">
</figure> 
Source: <a href="https://www.chainalysis.com/blog/crypto-hacking-stolen-funds-2024/" target="_blank" rel="nofollow">Chainalysis</a> 
The considerable drop in the stolen funds could be traced to the drop in DeFi hacking, as per Chainalysis. In 2021 and 2022, the crypto industry witnessed a large number of DeFi attacks, resulting in increased stolen funds. In 2022 al…
The post <a href="https://coinedition.com/stolen-funds-in-crypto-theft-plummets-54-3-to-1-7b-in-2023/">Stolen Funds in Crypto Theft Plummets 54.3% to $1.7B in 2023</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Stolen Funds in Crypto Theft Plummets 54.3% to $1.7B in 2023

Coin Edition

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