Wall Street

Crypto scammers make off with $1.9bn after surge in DeFi theft

Published by
City AM

By Charlie Conchie Crypto hackers made off with $1.9bn in the first seven months of the year after a surge in funds stolen from decentralised finance (DeFi) protocols, according a top crypto analysis firm. Losses arising from crypto hacks jumped 60 per cent on last year, up from $1.2bn, according to data from blockchain analysis firm Chainalysis. In a blog post today, the firm said the upward trend was likely to continue after two major hacks this month including the $190m hacking of cross-chain bridge Nomad and $5m hack of several Solana wallets in the first week of August. The firm said DeFi…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street