Cryptocurrency once again ruined the fortunes of investors, there was a loss of so many million dollars in November alone. Cryptocurrency once again ruined the fortunes of investors, loss of so many million dollars in Novem

By Sudhakar Yadav November 20, 2023 1:45 PM IST
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cryptocurrency Good days are not coming for investors. It has been incurring continuous losses for the last one year. After the strictness on cryptocurrency by the governments around the world, the decline in this virtual currency continues. It is unlikely that the situation will improve in future also. Due to this, the selling phase is continuing, due to which the investors investing in it are suffering huge losses. Investors suffered the fourth-largest monthly loss in November, according to blockchain and smart contract security company Certic. Let us tell you that cryptocurrency investors have suffered a loss of $ 173 million in cryptocurrencies so far in the month of November.

Fourth largest loss of any month

Certic Alert posted on Twitter that losses so far in November have reached $173 million, with two incidents accounting for 91 percent of losses. It said November already has the fourth-largest deficit of any month this year. The security firm also reported that the phishing scheme caused a loss of approximately $27 million.

Illegal misappropriation also increased rapidly

Meanwhile, more than $7 billion in cryptocurrencies have been illicitly laundered through cross-chain crime, with North Korea’s Lazarus Group linked to the theft of nearly $900 million between July 2022 and July this year . According to blockchain analytics firm Elliptic, decentralized exchanges (DEXs), cross-chain bridges, and coin swap services have processed $7 billion of illicit funds. Hackers have stolen more than $114 million from Poloniex after cybercriminals compromised its hot wallet.

Input: IANS

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