Crypto Heists: Unveiling the Billion-Dollar Underworld Despite Sluggish Crime Rates - IT News Africa | Business Technology, Telecoms and Startup News

After stealing more than $3.5bn worth of cryptos in 2022, the worst year for crypto heists in the market`s history, crypto scammers and hackers have seen their inflows significantly drop in 2023. Still, the total amount of stolen money in crypto heists remains shocking., crypto criminals have stolen more than $10bn to date, despite crypto crime slowing down.

Statistics show 2022 saw 192 crypto heists, the highest number in the crypto market’s history, while hackers stole a mind-blowing $3.54bn of investor funds. Fortunately, the worrying trend slowed down in 2023, with crypto criminals stealing roughly $905 million in eight months, or less than one-third of the value seen in the same period a year ago.

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