in this article we will show you Top Cryptocurrency Theft Statistics of 2023. Cryptocurrency theft is on the rise, with hackers and scammers stealing billions of dollars in digital assets each year. The problem is just growing worse in 2023.
Here are some of the top cryptocurrency theft statistics of 2023:
The total value of cryptocurrency stolen in 2023 is estimated to be over $1 billion. This is a significant increase from the $740 million stolen in 2022.
The most common type of cryptocurrency theft is phishing. Phishing attacks involve scammers sending emails or text messages that appear to be from legitimate sources, such as cryptocurrency exchanges or wallets. The emails or text messages will frequently include a link that, when clicked, would redirect the victim to a false website that appears to be the real website. Once the victim enters their login information on the fake website, the scammers can steal their cryptocurrency.
Another common type of cryptocurrency theft is hacking. Hackers can gain access to cryptocurrency wallets by exploiting vulnerabilities in the software or by using malware to steal the victim’s login information.
Rug pulls are also a growing problem. Rug pulls are a type of scam in which developers create a new cryptocurrency project and then sell all of their tokens, leaving investors with worthless assets.
These are just a few of the top cryptocurrency theft statistics from 2023. It is important to be aware of these risks and to take steps to protect your cryptocurrency assets.
Biggest cryptocurrency heists of all time
1. Ronin Network (Axie Infinity) – $620 million stolen: On March 29, 2022, Ronin Network (a gaming-based cryptocurrency network) revealed that it had been hacked and that a total of $620 million had been taken. This was made up of 173,600 ETH (valued just under $595 million USD) and $25.5 million in USDC, making it the largest crypto theft to date.
2. Poly Network – $610 million stolen: In August 2021, a hacker attacked Poly Network and stole almost $600 million by exploiting a weakness in their system. However, in an unusual twist, they did not escape with their bounty. Instead, they returned the money a few days later, claiming that they had just hacked the network to demonstrate its flaws.
3. KuCoin – $285 million stolen: KuCoin, a cryptocurrency exchange, was hacked on September 26, 2020, and $285 million in cryptocurrency was taken. The hacker was able to take advantage of a flaw in KuCoin’s hot wallet technology.
4. Wormhole – $325 million stolen: Wormhole, a cross-chain bridge that allows users to transfer bitcoin between different blockchains, was hacked on February 2, 2022, and $325 million in cryptocurrency was taken. The hacker was able to take advantage of a flaw in Wormhole’s smart contract.
5. Mt. Gox – $480 million stolen: Mt. Gox was a hacked Japanese cryptocurrency exchange in 2014. The hackers were successful in stealing $480 million in Bitcoin from Mt. Gox customers. Mt. Gox declared bankrupt in 2014 and is currently liquidating its assets.
Here are a few tips for protecting your cryptocurrency from theft:
- For all of your cryptocurrency accounts, use a strong password and two-factor authentication.
- Be careful about clicking on links in emails or text messages, even if they appear to be from legitimate sources.
- Only use cryptocurrency wallets from reputable sources.
- Keep your cryptocurrency in a cold storage wallet.
- Be aware of the risks of rug pulls and other scams.
By following these tips, you can help to protect your cryptocurrency assets from theft.
Read also : How to Buy Dogecoin on Etoro
In addition to the above, there are a number of other things that can be done to help combat cryptocurrency theft. These include:
- Increased education and awareness of the risks of cryptocurrency theft.
- Improved security measures for cryptocurrency exchanges and wallets.
- Increased cooperation between law enforcement agencies and cryptocurrency companies.
By working together, we can help to make cryptocurrency a safer and more secure investment.