Hackers stole over $400 Million from crypto projects in multiple cyber attacks in 1st quarter of 2023 in the US: Report


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Hackers stole over $400 million from crypto projects in 40 attacks in the first quarter (Q1) of 2023 in the US, a new report has shown. According to blockchain intelligence firm TRM Labs, the amount of funds lost in the first quarter was 70 per cent, down from the same period in 2022. However, the amount lost was actually less than in any other quarter of 2022.