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Two Groups Account for $1 Billion in Cryptocurrency Hacks, New Report Says

Two groups of highly sophisticated cyber criminals have likely stolen $1B+ in cryptocurrency hacks. Alpha group is “a giant, tightly controlled organization at least partly driven by nonmonetary goals,” and Beta group is “heavily sanctioned organization absolutely focused on the money,”!

The firm believes it has connected most of the hacks to two groups, which it labeled alpha and beta. Alpha is “a giant, tightly controlled organization at least partly driven by nonmonetary goals,” Chainalysis said in its report. Beta, the second group, is smaller and less organized, a “heavily sanctioned organization absolutely focused on the money,” according to the report.

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bitcoin, cryptocurrency