Crypto hacking: 2022 was the biggest year ever, this country has the most hackers

2022 was indeed a challenging year for crypto industry after bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022. But this is not all, a new report by US-based blockchain analytics firm, Chainalysis says that 2022 was the biggest year ever for the Crypto hacking.

Crypto hacking

According to reports, October 2022 alone saw £629m stolen- the most recorded in a single month. It further said that North Korea-backed hackers stole $1.7bn (£1.4bn) of crypto in 2022, says blockchain analysis firm Chainalysis.

The annual report by Chainalysis, a blockchain analysis firm which sees its data used by governments, banks, and businesses worldwide, says the activity was largely driven by hackers based in North Korea.

Experts have said the country, facing heavy sanctions, is turning to crypto theft to fund its nuclear arsenal.