Cryptocurrency hacks shot up in 2022, amounting to almost $4 billion in losses
The massive losses have prompted scrutiny from U.S. officials about how the illicit use of cryptocurrency poses a national security threat.
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DeFi
FinCEN associate director says his agency has its eyes on DeFi projects
The Ronin Bridge attack has drawn attention to how DeFi projects can be weaponized in national security threats.
Cryptocurrency regulators are scrambling to catch up with hackers who are swiping billions
But who's in charge has become a game of hot potato.
Hackers stole more than $320 million in cryptocurrency from DeFi platform Wormhole
The vulnerability has been fixed and funds "restored" to accounts, the company said.
Deposits to illicit crypto addresses nearly doubled in 2021, Chainalysis finds
Theft of DeFi grew 2,000%, researchers found.