2022: The Year Crypto Hacking Reached an All-Time High with $3.8 Billion Stolen

In 2022, crypto hacking reached an all-time high, with hackers stealing a staggering $3.8 billion from cryptocurrency businesses, with DeFi protocols being the main victims. This article highlights the magnitude of the problem and the need for better security measures in the crypto industry.

<p>The post 2022: The Year Crypto Hacking Reached an All-Time High with $3.8 Billion Stolen first appeared on CCNC.</p>

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FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services

The FDIC has asked banks interested in acquiring failed U.S. lenders, Silicon Valley Bank and Signature Bank, to submit bids by March 17. The authority will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms. The FDIC has also required any buyer of Signature to agree to give up all cryptocurrency business at the bank. This news comes amid concerns expressed by U.S. Representative Tom Emmer that the federal government is “weaponizing” issues around the banking industry to go after crypto. (Read More)

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