2022 biggest year ever for crypto hacking, report says – Yahoo Finance

Last year was the biggest year ever for cryptocurrency hacking, according to a new report.
Chainalysis, a software company, said Wednesday that $3.8 billion was stolen from cryptocurrency businesses in 2022.
October became the biggest single month for cryptocurrency hacking, as $775.7 million was stolen in 32 separate attacks. North Korea-linked hackers, such as those in the cybercriminal syndicate Lazarus Group, drove much of the activity and shattered its own annual record for the most cryptocurrency stolen.
In 2022, the group stole an estimated $1.7 billion worth of cryptocurrency across several hacks Chainalysis attributed to it. Of that sum, $1.1 billion was stolen in hacks of decentralized finance (DeFi) protocols. A DeFi protocol is a set of codes that govern how digital assets are used on a blockchain network, according to The Defiant.
In 2021, DeFi became the primary target of hackers, which only intensified in 2022.
DeFis protocols as victims accounted for 82.1% of all cryptocurrency stolen by hackers, up 73.3% from the previous year.
Of that, a total of $3.1 billion came from cross-chain bridge protocols specifically. Chainalysis said that cross-chain bridges are protocols that let users port their cryptocurrency from one blockchain to another, often by locking the user’s assets into a smart contract on the original chain and minting equivalent assets on the second chain.
However, the report notes that law enforcement and national security agencies’ ability to fight back is growing.
“Their growing capabilities, combined with the efforts of agencies like OFAC to cut off hackers’ preferred money laundering services from the rest of the crypto ecosystem, means that these hacks will get harder and less with each passing year.
Silver has fallen a bit during the trading session on Tuesday to test the 50-Day EMA, which sits just above the $23 level.
The total number of Polygon NFT sales on OpenSea beat Ethereum each of the past two months—but they're mostly low-cost assets.
Manhattan District Attorney Alvin Bragg announced the indictment of a woman on Tuesday for allegedly sending cryptocurrency to a terrorist organization based in Syria.
If you have a home equity loan or variable-rate mortgage, pay attention to the Fed.
Cryptocurrency News: Bitcoin spiked above $23,700, Ethereum jumped as the crypto markets surged Wednesday afternoon.
Analysts widely expect the Federal Reserve to again hike its key rate in November.
Copper said some “concerning behavior” had been detected, and that a “machine-generated alert had been triggered.”
Investors were excited that there is now a bona fide artificial intelligence business application on the market, developed by a prominent tech company.
A smart push into artificial intelligence (AI) was benefiting Microsoft (NASDAQ: MSFT) and its shareholders on Wednesday. A business the tech company has placed a bet on announced a move aimed at capitalizing on its famous innovation, and investors were guardedly optimistic about that development. OpenAI, the platform's developer, announced on its official blog that it's launching a pilot subscription plan called ChatGPT plus.
(Bloomberg) — A $480 billion chipmaker whose processors are used for complex computing tasks. A digital-media company seeking to mine nascent technologies for content. A tiny software firm whose shares traded below $1 for most of December.Most Read from BloombergNational Archives Releases Records Tied to Trump Classified Documents8,000 Layoffs Don’t Exactly Scream Family ValuesPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Adani Stock Crash at $92 Billion as Collateral Worries
Apple Inc is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn. Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompted mass layoffs in the tech industry, a move Apple has so far avoided thanks to frugal hiring during the pandemic. "With supply chain challenges largely normalized, we now believe Apple is entering a period of slower demand due to macro factors," said Cowen analyst Krish Sankar, adding that he expects 2% fewer iPhone units to be sold in 2023.
C3.ai, which provides analytics tools for large enterprises, is adding a generative artificial intelligence tool that includes ChatGPT.
Samsung has debuted its latest Galaxy S23 line of smartphones, complete with the S23 Ultra and its 200-megapixel camera sensor.
Netflix, Inc (NASDAQ: NFLX) upgraded its top-end Premium tier and issued new guidelines for account sharing in its quest for higher subscription-based revenue. Netflix incorporated spatial audio and expanded the number of download devices from four to six for the Premium tier by keeping the prices intact. Netflix spatial audio will be available on over 700 top-watched titles, including Stranger Things, The Watcher, Wednesday, and Knives Out: Glass Onion. Netflix looked to add spatial audio to po
Just in time for winter bingeing season! This 4K UHD TV has a secret weapon: Plug in a webcam for big-screen Zoom calls.
Shares of C3.AI (NYSE: AI) surged Tuesday morning after the artificial intelligence-based software company announced the launch of its new C3 Generative AI Product suite, which includes C3 Generative AI for Enterprise Search. Generative AI describes a form of artificial intelligence that can be used to create content such as code, text, or images, like OpenAI's ChatGPT and DALL-E. C3.AI describes its Generative AI for Enterprise Search as "a transformative user experience using a natural language interface to rapidly locate, retrieve, and present all relevant data across the entire corpus of enterprise's information systems."
Yahoo Finance’s Allie Canal joins the Live show to discuss the latest surrounding Netflix’s fight to end password sharing.
Aiming to monetize what's become a viral phenomenon, OpenAI today launched a new pilot subscription plan for ChatGPT, its text-generating AI that can write convincingly human-like essays, poems, emails, lyrics and more. "We plan to refine and expand this offering based on your feedback and needs."
ChatGPT Plus subscribers will have general access to the chatbot, even during peak times. They'll also get faster response times from ChatGPT, along with priority access to upgrades and new features.
The Biden administration is considering cutting off Huawei from American suppliers over national security concerns, according to reports.


Image - ThumbHow To Make Huge Profits In A Short Time With Crypto
Get detailed training system that shows an absolute beginner (without any skill) how to make huge profits in a short time with crypto.
Image - ThumbCrypto + NFT Quick Start Course
The #1 course for profit in the Crypto & NFT world - You will discover the secrets that 99% of people don’t know yet

About the Author: admin

You might like

Leave a Reply

Your email address will not be published. Required fields are marked *