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Between January and March 2022, cyber criminals stole $1.3 billion in cryptocurrencies
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Between January and March 2022, cyber criminals stole $1.3 billion in cryptocurrencies

Why the FBI Has an Eye on DeFi

The FBI has issued a new warning to crypto investors, citing increased cybercrime in decentralized finance as criminals exploit vulnerabilities in smart contracts.

"Cyber criminals are increasingly exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal cryptocurrency, causing investors to lose money," the agency noted in a release.

"Between January and March 2022, cyber criminals stole $1.3 billion in cryptocurrencies, almost 97 percent of which was stolen from DeFi platforms, according to the US blockchain analysis firm Chainalysis."

https://www.thestreet.com/video/why-the-fbi-has-an-eye-on-defi

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