It's not just big organisations who lose millions as a result of cryptocurrency theft, hackers also target individual users to steal small amounts, new data revealed.
There are also clippers, which hackers use to replace cryptocurrency addresses copied into a user’s clipboard with their own, allowing them to reroute planned transactions to their own wallets. However, that majority is slim and getting slimmer. Exchanges only received 54% of funds sent from malware addresses in 2021, down from 75% in 2020. Decentralised finance protocols make up much of the difference at 20% in 2021.DeFi is a rapidly growing sector that aims to cut out middlemen, such as banks, from traditional financial transactions, like securing a loan. But many of the new protocols being launched have code vulnerabilities that hackers are able to exploit.
Last week Microsoft said it had found destructive malware on dozens of Ukrainian government and private-sector computers which as the ability to wipe computers of data and render them inoperable.
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