The U.S. Federal Bureau of Investigation (FBI) is warning investors that cybercriminals are increasingly exploiting security vulnerabilities in Decentralized Finance (DeFi) platforms to steal cryptocurrency.
"The FBI has observed cyber criminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors' cryptocurrency," the federal law enforcement agency said.
"The FBI encourages investors who suspect cyber criminals have stolen their DeFi investments to contact the FBI via the Internet Crime Complaint Center or their local FBI field office."
The public service announcement, published on the FBI's Internet Crime Complaint Center (IC3) today, adds that out of roughly $1.3 billion in cryptocurrency stolen between January and March 2022, snatched almost 97 percent of it from DeFi platforms.
Per FBI's calculations, this amounts to a significant increase from 72 percent in 2021 and approximately 30 percent in 2020, respectively.
Attackers have used...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...