Crypto Hackers Set for Record Year After Looting over $3 Billion

Hackers have become adept at exploiting weaknesses in the security, coding, and structure of so-called "DeFi" marketplaces.

By Sunil Jagtiani | October 17, 2022 at 07:26 AM

Stock photo of hacker. Credit: Marc Bruxelle/Adobe Stock

Cryptocurrencies may have crashed this year, but they remain a digital cash-machine for one potent constituency: hackers. At least $718 million has been stolen so far in October alone, taking the gross tally for the year past $3 billion and putting 2022 on course to set a record for the total value hacked, according to blockchain specialist Chainalysis Inc.

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News

Cybersecurity

1 Fed Lowers Interest Rates by a Quarter Point

2 Fabricating a Treasury Function from Scratch to Support an $18 Billion Business

3 U.S.–Euro Rates Gap Is Set to Widen Again

4 Subway Builds a Fast, Fresh Approach to Treasury

5 Tariff Inflation Will Likely Be Transitory

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Fed Lowers Interest Rates by a Quarter Point

By Amara Omeokwe | December 18, 2024

However, officials reduced their expected number of rate cuts for next year from four to two.

Fed Lowers Interest Rates by a Quarter Point

U.S.–Euro Rates Gap Is Set to Widen Again

By Catarina Saraiva | December 16, 2024

In his first term, Trump bashed the Fed for allowing higher interest rates in the U.S. vs. Europe to drive up the dollar and hurt exports. Next year will likely bring more of the same, as the U.S. economy remains considerably stronger, meaning rates here will likely fall more slowly than in the Eurozone.

U.S.–Euro Rates Gap Is Set to Widen Again

Tariff Inflation Will Likely Be Transitory

By Catarina Saraiva | December 13, 2024

Nevertheless, the Fed may feel compelled to raise interest rates as soon as the first signs of a tariff-led bump in inflation emerge.

Tariff Inflation Will Likely Be Transitory

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