The funds were recovered from more than 600 large-scale hacks.
Blockchain security firm PeckShield has published data summarizing the losses to hacks and scams in 2023. According to the company, $2.61 billion was lost in the year, excluding multichain losses.
PeckShield noted in its report on Jan. 29 that the amount shows a 27.78% decrease compared with 2022 when total global cyber thefts totaled around $3.6 billion.
PeckShield also said that collaborating with centralized exchanges, Tether and law enforcement to freeze the funds whenever they detect them can also lead to fund recovery.
