In 2023, illicit addresses sent $22.2 billion worth of cryptocurrency, which was a significant decrease from the $31.5 billion sent in 2022. Part of this decline may be due to an overall decline in legal and illegal cryptocurrency trading volumes.
JinseFinanceThese gains are in “significant contrast” to the crypto winter of 2022, when investors realized losses of more than $7,000 on average.
JinseFinance2022 was the worst year ever for cryptocurrency theft, with $3.7 billion stolen. However, by 2023, stolen funds decreased by approximately 54.3% to $1.7 billion.
JinseFinanceDespite a decline in overall loot, North Korea's hacking tactics evolve, targeting a wider array of platforms. DeFi platforms witness a notable reduction in attacks, but vulnerabilities in smart contracts and compromised private keys remain persistent challenges.
SanyaIn 2023, the Web3 industry experienced more than 940 security incidents, large and small, an increase of more than 50% year-on-year in 2022, with losses reaching US$1.79 billion.
JinseFinanceBlockchain intelligence firm TRM Labs reports that groups associated with the Democratic People’s Republic of Korea (DPRK) accounted for approximately 33% of all cryptocurrencies stolen through hacking attacks in 2023.
JinseFinanceCrypto hedge funds experienced a substantial recovery in 2023, marking a notable turnaround from previous losses. While not matching Bitcoin's meteoric rise, the industry's resilience signals optimism for 2024, driven by various market factors and a renewed investor interest in cryptocurrencies.
Xu LinCryptocurrency, Crypto Market, BitMEX: Top 10 Cryptocurrency Moments in 2023 Golden Finance, 2023 is a period of building and preparing for the next bull market.
JinseFinanceExplore the ups and downs of the 2023 cryptocurrency landscape, from extreme volatility to emerging applications like crypto casinos, as regulatory challenges shape the industry's future.
BitcoinworldFrom Pakistan to the Philippines, crypto adoption is on the rise- but why?
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