The Federal Bureau of Investigation has issued an advisory to cryptocurrency investors and exchanges on the dangers of cybercrime.
“Cyber criminals are increasingly exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal cryptocurrency, causing investors to lose money,” the bureau said Monday.
Cybercriminals stole $1.3 billion in cryptocurrencies in first three months of 2022, of which almost 97% was stolen from DeFi platforms, the FBI said, citing blockchain analysis firm Chainalysis. That marked a 72% increase from 2021.
- Investors who suspect criminal activity should contact the FBI via its Internet Crime Complaint Center or their local FBI field ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.