News from PeckShield: Crypto investors faced losses close to $2 billion in 2023 due to more than 600 incidents, analysts report. An infographic published on January 29 shows the scale of attacks on the crypto sector in the past year, with a total loss of $1.5 billion from hacking attacks and another $1.1 billion from scams. This represents a decrease of 27.78% compared to the previous year.

PeckShield also claims that decentralized finance remains a top target for attackers, accounting for 67% of total funds stolen. The largest incidents include the hack of Mixin Network ($200 million), Euler Labs ($197 million), and Poloniex ($125 million).

Interestingly, stablecoins surpassed Bitcoin in illicit transaction volume in 2023, accounting for the majority of total cryptocurrency theft. The total amount of funds stolen from illicit addresses reached more than $24 billion in 2023, a decrease from the previous year but indicating a changing nature of crypto crime.

What are your thoughts on this news, and how might it impact your approach to crypto investing? 📉💭