Even with improved and enhanced monitoring and reporting mechanisms, illegal activity on the blockchain has continued to grow in 2023 and 2024.
Since Crystal Intelligence released its 2022/2023 Crypto & DeFi Hacks & Scams Report, our research team detected 324 reports of crypto theft worth nearly $2.8B from February 24, 2023, to March 06, 2024.
By comparison, 183 incidents worth almost $3.7B were recorded from February 23, 2022, until February 18, 2023.
We have analyzed the numbers for cryptocurrency compliance officers, investigators and supervisors seeking insights into the current crypto crime landscape in both the long and short term and what this means for the future of the DeFi industry.