Cryptocurrency platforms have lost $1.7 billion worth of assets from cyberattacks last year, representing a nearly $2 billion drop from 2022, which had the highest-ever losses from cryptocurrency heists, despite a slight increase in attack volume, according to The Record, a news site by cybersecurity firm Recorded Future. Such a significant decline in cryptocurrency heist proceeds during the past year has been fueled by the substantial decrease in cryptocurrency valuation, the closure of widely used exchanges, and the reduction of decentralized finance platform attacks, a report from Chainalysis showed.

Source: SC Magazine