Close to $700M of stolen crypto has been recovered since the beginning of this year

Recently, there have been several thefts of large amounts of cryptocurrency.  As of the end of July this year, the total amount stolen has risen to over $60B. However, thanks to the efforts of law enforcement and security experts, close to $700M of stolen crypto has been recovered since January, according to data from StockApps.com.

Edith Reads from StockApps said, “The recovery rate for stolen cryptocurrency is actually quite high, thanks to the efforts of law enforcement and security experts. This is a huge win for the crypto community, as it shows that even when criminals attempt to take advantage of the decentralized nature of cryptocurrencies, there are still ways to track down and recover stolen funds.”

There have been efforts from various governments and organizations to track and recover stolen cryptocurrency. In May, the US Department of Justice (DOJ) announced the creation of a “Cryptocurrency Theft Task Force”. The task force will be tasked with investigating and prosecuting cases of crypto theft.

In June, the G7 nations released a joint statement on cryptocurrency regulation. One of the key points in the statement was the need for “vigilance” when it comes to cryptocurrency theft. The statement also said that the G7 nations are committed to working together to prevent and recover stolen cryptocurrency.