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2024 Crypto Crime Report: A Useful Tool for the AML Community

AML Conversations

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Analysis of Decreased Funds Stolen in Hacks Despite Increase in Incidents

The chapter delves into the decrease in funds stolen in hacks by 54% to 1.7 billion, despite a rise in the number of hacking incidents. Factors contributing to this decline include reduced money held by groups, diversification of storage, and criminals adapting their tactics, with vulnerabilities shifting from DeFi to traditional banking sector-type breaches.

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