Report: Record $3.8B in Cryptocurrency Stolen in 2022

Image copyright: Reuters

The Spin

Pro-establishment narrative

Although DeFi platforms are popular because of their transparent nature, they’re also vulnerable to major hacks. North Korean hackers have abused these vulnerabilities and have popularized the switch from attacking mainstream crypto platforms to focusing on unguarded decentralized ones. DeFi platforms need to strengthen their security through measures including third-party audits.

Establishment-critical narrative

Governments spying on average citizens is coming disguised as cyber security against threats from US adversaries, including North Korea and Russia. Canada was able to do this when it regulated cryptocurrency during last year’s trucker protests, setting an example for other countries. Financial autonomy is tough in a surveillance state.


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