Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
FTX Founder Sam Bankman-Fried Will Likely 'Take the Stand,' Lawyer PredictsSEC Charges Terraform Labs, Do Kwon With Fraud; Former FTX Exec Reportedly Plans to Plead GuiltyAlmost $19 billion worth of cryptocurrency has been stolen in thefts dating back to 2011 and the industry continues to grapple with rising blockchain-related crime, according to a report from Crystal Intelligence. hacks and 220 fraud schemes.
. Crypto crime has continued to surge since then, and 2023 set records for the volume of crypto thefts with 286 incidents worth more than a total of $2.3 billion. "Even with improved and enhanced monitoring and reporting mechanisms, illegal activity on the blockchain has continued to grow," the report said.
Over the past two years Ethereum has become the No. 1 target, with 131 incidents worth almost $1.3 billion in all. That's followed by Binance Smart Chain , hit 100 times for over $186 million.with the company saying it will raise the capital to pay back all affected users.
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