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New Report: November Month Alone Saw Record-Breaking $4.88 Billion Worth of Crypto Lost or Stolen – Here’s What Happened

As much as $4.88bn worth of crypto were either lost or stolen in November, with one incident alone accounting for a whopping $2.8bn, a new report from DappRadar has revealed.

According to the report, the single largest case to impact crypto users in November was the halting of withdrawals from Genesis, a major crypto lender and exchange.

Genesis reportedly had $2.8bn in outstanding loans, but was forced to halt all withdrawals after news broke that it had lost access to $175m held on a trading account on the now-bankrupt crypto exchange FTX.

(by Fredrik Vold)

Crypto DappRadar
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