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Crypto Hacks Soar as North Korea Targets DeFi

  • Around $1.9 billion in crypto stolen in hacks: Chainalysis
  • DeFi protocols continue to be the sector’s weak point
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The value of funds lost to cryptocurrency hacks has soared this year as decentralized-finance protocols have become an easy target for attackers, a report from blockchain analysis firm Chainalysis showed.

Around $1.9 billion worth of digital tokens has been stolen in hacks this year through July, up 58% from the same period of 2021, according to Chainalysis.