Stock image: Criminal stealing bitcoin

The value of funds lost to cryptocurrency hacks has soared this year, as decentralized-finance (DeFi) protocols have become an easy target for attackers, according to a report from blockchain analysis firm Chainalysis.

Around US$1.9 billion worth of digital tokens have been stolen in hacks this year through July, up 58 percent from the same period of 2021, Chainalysis reports.

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