How much money was stolen by fraud in the first half?

In total, £754m was stolen through fraud in the first half of the year, an increase of 30% compared with the same period last year. Within this total, so-called authorised push payment (APP) fraud - when victims think they are paying a genuine organisation - rose by 71% to £355m.

How much cryptocurrency was stolen in the first 7 months?

A staggering $1.9 billion worth of cryptocurrency was stolen in hacks of various services in the first seven months of this year, marking a 60% increase from the same period in the year prior, according to a report released Tuesday from blockchain analysis firm Chainalysis.

Why did North Korea steal $1 billion from Defi?

An estimated $1 billion has been stolen from DeFi protocols by North Korea-affiliated hackers so far this year, according to the Chainalysis report. These thefts are thought to be part of a broader strategy to help bring in revenue for the North Korean regime as it has largely been cut off from the world.

Who are fraudsters & why are they stealing money?

Banks and police have discovered that fraudsters range from organised criminals to teenage thieves without any previous convictions operating in their bedrooms. Children as young as 14 have been hired as money mules to launder stolen funds. Cryptocurrency wallets have also been used to shift money out of sight of the authorities, UK Finance said.