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IPFS News Link • Hacking, Cyber Security

Corporate Bailouts Are Coming to Crypto

• By Edward Ongweso Jr

As the world agonizes over whether there is a greater purpose for crypto, hackers seem to have found one: stealing it. 

Over the past year, hacks targeting crypto holders, protocols, and exchanges have grown increasingly ambitious and regular. CryptoSec, a crypto cybersecurity resource, has tracked some 75 hacks tracking crypto's decentralized finance (DeFi) ecosystem which have stolen $1.7 billion since 2020?about $816 million of that was stolen between August and December of 2021, a figure that doesn't even include hacks in 2022 that have amounted to hundreds of millions of dollars worth of stolen cryptocurrency so far.