2023: Cryptocurrency Hacks Surpass $2 Billion | Urgent Call for Crypto Regulation

Crypto Hacks in 2023: Cyber attackers have successfully stolen approximately $2 billion in cryptocurrency throughout 2023, marking a continuation of the trend seen in recent years.

Declining Trend: Despite the substantial amount stolen, there is a noteworthy slowing down in the trend of crypto hacks in 2023, representing a shift from the patterns observed since 2020.

Ronin Network Breach: The largest crypto theft in history occurred in 2022 with the Ronin Network breach, where hackers stole over $600 million in cryptocurrency.

Mix In Network Hack: In 2023, another significant hack involved the Mix In Network, resulting in cyber criminals acquiring about $200 million in cryptocurrency, according to trm labs.

Total Stolen in 2023: As of mid-December, the cumulative amount stolen by hackers in 2023 stands at approximately $1.7 billion, with notable incidents including the Yola Finance hack, which netted cyber thieves almost $200 million, and attacks on multi-chain and atomic wallet.

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