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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.
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