A bitcoin ATM is pictured in a commercial area of Barcelona Spain. DeFi protocols scams make up a majority of cryptocurrency fraud. PHOTO | JOSEP LAGO | AFP
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Last year may have been the worst for cryptocurrency users as a prolonged bear market saw many abandon their digital assets, but it was perhaps the best year yet for hackers who stole a record $3.8 billion of user funds.
The theft surged 15 percent in 2022, defying globally concerted efforts to combat illicit activity in the unconventional industry.
