Crypto Hacks Decreased Due to Recovery Efforts, Sanctions
The first quarter of 2023 saw a dramatic decrease in crypto hacks due to recovery efforts, sanctions, and legal actions. The average size of each hack dropped from $30 million to $10.5 million, and the amount stolen was less than any quarter in 2022. Factors such as anti-money laundering standards, bug bounties, and blockchain intelligence tools also contributed to the decrease. However, analysts predict that the number of hacks will likely rebound as the year progresses.
Have you been hacked before?
No
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Yes
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Crypto Hacks Decreased Due to Recovery Efforts, Sanctions
The first quarter of 2023 saw a dramatic decrease in crypto hacks due to recovery efforts, sanctions, and legal actions. The average size of each hack dropped from $30 million to $10.5 million, and the amount stolen was less than any quarter in 2022. Factors such as anti-money laundering standards, bug bounties, and blockchain intelligence tools also contributed to the decrease. However, analysts predict that the number of hacks will likely rebound as the year progresses.