Mixin

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 <p class="is-style-lead">Analysts at blockchain forensic firm PeckShield say the crypto industry witnessed over 600 hack <a rel="noopener noreferrer nofollow" title="incident" href="https://thebittimes.com/tag/incident.html">incident</a>s over the past year.</p>
 <p>In an X post on Jan. 29, PeckShield released an infographic highlighting the extensive scale of hacker attacks targeting the crypto sector in 2023. According to their data, crypto <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> faced losses amounting to $2.6 billion due to illicit activities, with a recovery of nearly $675 million.</p>
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    <p lang="en" dir="ltr">#PeckShieldAlert 2023 saw 600+ major hacks in the crypto space, resulting in ~$2.61B in losses, with $674.9M recovered. <br>$1.51B lost to hacks (excluding #Multichain unauthorized withdrawals) &amp; $1.1B to scams. This marks a 27.78% decrease from 2022. #DeFi protocols remained prime… pic.twitter.com/G7PIU3WyrX</p>— PeckShieldAlert (@PeckShieldAlert) January 29, 2024
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 <p>PeckShield’s findings reveal that <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> suffered losses of over $1.5 billion from hacks and an additional $1.1 billion from scam schemes, reflecting a 27.78% decrease compared to 2022. Despite this decline in percentage, decentralized finance remains a primary target for malicious actors, constituting 67% of the total stolen value, according to PeckShield.</p>
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 <p>The Mixin Network hack stands out as the largest <a rel="noopener noreferrer nofollow" title="incident" href="https://thebittimes.com/tag/incident.html">incident</a> in terms of stolen funds, resulting in a loss of around $200 million in crypto, followed closely by Euler Labs whose losses totalled $197 million and Poloniex, who accrued $125 million in hack losses.</p>
 <p>In total, illicit addresses received over $24 billion worth of crypto in 2023, showing a decrease from the estimated $39.6 billion in 2022, as per Chainalysis. The landscape of crypto crime saw a shift in the types of assets involved. While Bitcoin (BTC) previously dominated,&nbsp;stablecoins&nbsp;now constitute the majority of illicit transaction volume, data <a rel="noopener noreferrer nofollow" title="shows" href="https://thebittimes.com/tag/shows.html">shows</a>. Chainalysis says the change aligns with the broader trend of stablecoins gaining prominence in legitimate crypto activities.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-investors-lost-nearly-2b-over-600-incidents-in-2023-data-shows-tbt78104.html">https://thebittimes.com/crypto-investors-lost-nearly-2b-over-600-incidents-in-2023-data-shows-tbt78104.html</a></p>

Crypto investors lost nearly $2b over 600+ incidents in 2023, data shows

TheBitTimes

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