Cryptocurrencies
Vulnerabilities in Crypto Security Have Investors Taking Notice
Venture capitalists and crypto firms are finally addressing the need for security as the industry loses nearly $2 billion in tokens from hacks.
A cryptocurrency exchange kiosk in Istanbul.
Photographer: Moe Zoyari/BloombergThis article is for subscribers only.
It can feel as if everywhere you look there’s another crypto hack happening.
By some estimates, major crypto hacks in 2022 have cost the industry nearly $2 billion in stolen tokens. That’s *just* this year. And those headline numbers typically don’t take into account smaller exploits that target individual consumer accounts. So, the real number is even bigger.