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Published: Feb 02, 2023 3 min read

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Collage of Bitcoin, thief and electronics
Eddie Lee / Money; Getty Images

The cryptocurrency market may have floundered in 2022, but scammers had a banner year — with investors losing a record-high $3.8 billion due to crypto hacking.

What the data shows

A staggering $3.8 billion was stolen from cryptocurrency businesses in 2022, according to a new report from the crypto analytics company Chainalysis. That’s the most ever in a single year. In 2021, $3.3 billion was stolen from crypto hacking.