Liquid’s hack is the most current in a long line of cryptocurrency hacks and other crypto-related crimes that have grown more prevalent in recent months. According to CipherTrace, crypto assets worth $681 million were linked to thefts, hacks, and fraud between January and the end of July.
That number had almost doubled in the last week when the DeFi platform Poly Network was hacked, and assets worth more than $600 million were taken in one of the largest crypto heists ever. Despite the fact that the hacker has already refunded a part of the funds, the big breach has brought fresh attention to cryptosystem flaws and crypto-related theft.
Crypto-related crimes and illegal activities are among the major worries voiced by regulators, financial institutions, and governments as cryptocurrencies become more widely used.
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Topic: The hack in crypto exchanges (Read 34 times)