- As per recent reports, the attackers stole nearly $2.45 billion in DeFi.
- Cybercriminals stole $1.3 billion in cryptocurrencies between January and March 2022.
Following the DeFi attack warning from the U.S Federal Bureau of Investigation (FBI), the latest data reveals that, since the beginning of decentralized finance (DeFi), approximately $2.45 billion has been stolen. The FBI has recently issued a warning to investors that cybercriminals are highly increasing in DeFi platforms to steal cryptocurrencies. This will result in financial loss for investors, as per the FBI.
The #FBI warns that cyber criminals are increasingly exploiting vulnerabilities in decentralized finance (DeFi) platforms to steal investors cryptocurrency. If you think you are the victim of this, contact your local FBI field office or IC3. Learn more: https://t.co/fboL1N17JN pic.twitter.com/VKdbpbmEU1
— FBI (@FBI) August 29, 2022
Scam Activities Increasing in DeFi
The FBI has noted that the cybercriminals stole $1.3 billion in cryptocurrencies between January and March 2022, almost all of which came via DeFi networks. There is also an increase from 72% in 2021 to 30% in 2020. Additionally, they pointed out that criminals take advantage of flash loans, signature verifications, manipulate cryptocurrency prices, and slippage checks.
FBI stated:
Initiating a flash loan that triggered an exploit in the DeFi platform’s smart contracts, causing investors and the project’s developers to lose approximately $3…
