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Post: Lessons Learned from PeckShield’s Report on Blockchain Hacks and Scams in 2023

Lessons Learned from PeckShield’s Report on Blockchain Hacks and Scams in 2023

Key Points:

  • Blockchain security firm PeckShield has published data on losses from hacks and scams in 2023.
  • The data shows that $2.61 billion was lost, a 27.78% decrease compared to 2022.
  • Collaboration with centralized exchanges (CEXs), Tether, and law enforcement can lead to fund recovery.

Insight:

PeckShield, a blockchain security firm, has reported a decrease in losses from hacks and scams in 2023 compared to the previous year. According to their data, $2.61 billion was lost, which is 27.78% less than the $3.6 billion lost in 2022. This indicates progress in terms of cybersecurity measures and a potential improvement in the overall security of blockchain networks. PeckShield also suggests that collaborating with centralized exchanges (CEXs), Tether, and law enforcement can aid in recovering stolen funds.

Hot Take:

This decrease in losses from hacks and scams is a positive sign for the blockchain industry. It shows that efforts to enhance security measures are having an impact, and it highlights the importance of collaboration between different stakeholders, such as blockchain security firms, centralized exchanges, and law enforcement. However, it is crucial for the industry to remain vigilant and continue to invest in robust security measures to stay one step ahead of cybercriminals.


Original article: https://cointelegraph.com/news/2023-crypto-recovery-674-million-recovered-hacks

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