Crypto-fund cybercrime soars, robbing $1.7B

Cybercriminals stole $1.7 billion from crypto funds in 2023 as attacks proliferated

In 2023, hackers managed to siphon $1.7 billion from cryptocurrency platforms, according to data from blockchain research firm Chainalysis. Although this is down from the record high of $3.7 billion stolen the previous year, the total number of individual incidents targeting these platforms actually increased from 219 in 2022 to 231 in 2023. This rise can be attributed to the collapse of popular exchanges and the overall decline in cryptocurrency value.