Researchers: Criminal activities caused losses of $30 billion in the crypto sector from 2017 to 2022

Digital financial products are increasingly coming under the crosshairs of cyberattacks. However, evidence-based results are not yet available regarding the actual magnitude of this threat. Researchers from the Complexity Science Hub and the University of Montreal have now, for the first time, shown that the global damage amounts to at least $30 billion and is on the rise. A preprint of the study was recently published on arXiv.

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