Hackers stole a record $3.2B worth of crypto in 2022, according to a new report.

 

Hackers stole a record $3.2B worth of crypto in 2022, according to a new report.

 North Korean hackers were responsible for stealing $1.7B of the total amount.


  • North Korean hackers continue to be the most persistent threat actor regarding cryptocurrency cyberattacks. Backed by the national government, actors such as the Lazarus hacker group have breached several international companies and organizations. 
  • Most famously, Lazarus Group stole $620M by breaching Axie Infinity's Ronin bridge. This breach is the largest in the history of the cryptocurrency industry.
  • The stolen funds are used by the North Korean government to fund its nuclear program.
  • 82% of these cyberattacks in 2022 happened due to weak DeFi protocols being exposed, 64% of which came from cross-chain bridge protocols.

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