Hackers stole $8.8 million worth of cryptocurrency in hacks on January 24, according to analysts at PeckShield. In just the first month of 2023, attackers stole millions of dollars worth of cryptocurrency, PeckShield analysts said
According to the analysis, attackers sent about a third of all stolen funds (about $2.6 million) to cryptomixer TornadoCash and instant cryptocurrency exchange services Fixedfloat and SideShift.
The largest hack in the first month of this year was an attack on LendHub, a DeFi cryptocurrency lending platform. The attackers stole $6 million in assets from the platform. Last month, ThoreumFinance, MidasCapitalxyz, Omniestategroup and Mycelium were also compromised. The amount stolen when these protocols were attacked amounted to less than $1 million each.
This means that hackers stole nearly 14 times less money in January than they did in the same month last year, when fraudsters stole $121.4 million in digital assets.
Last year, cryptojackers made more than $3.5 billion from just five hacks. The five biggest exploits in 2022 caused nearly $3.5 billion in losses, with the most significant shocks being the hacking of the FTX crypto exchange, the Axie Infinity network, the Wormhole crypto bridge, and the JuicyFields.io and Unique-Exchange.co projects. According to analysts, the effects will affect the cryptocurrency markets for many months to come.
Overall, cryptocurrency companies lost $3.7 billion to hacks last year. That’s a 58 percent increase from the previous year. Hacks accounted for more than 95% of all cryptocurrency thefts. The rest of the losses were due to fraud and scam. Most of the victims of hacks in 2022 were decentralized financial projects. A lot of companies have taken this statistic to heart and have started to take cybersecurity more seriously.
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