TechFlow news, according to a report by Crystal Intelligence, nearly $19 billion worth of cryptocurrency has been stolen since 2011, and the industry continues to grapple with a growing number of blockchain-related crimes.
The report noted 785 cryptocurrency theft incidents, including 220 security breaches, 345 DeFi hacks, and 220 fraud schemes.
The largest theft occurred in 2019, when the Plus Token Ponzi scheme was linked to the theft of $2.9 billion. Since then, cryptocurrency crimes have continued to surge, reaching a record high in 2023 with 286 theft incidents totaling over $2.3 billion in value.
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