# Hacks and Scams

Crime is an ongoing problem in the cryptocurrency space.  According to blockchain data firm [Chainalysis](https://go.chainalysis.com/2022-Crypto-Crime-Report.html), over $14B was stolen in 2021 across the broader ecosystem.&#x20;

&#x20;                                         **Criminals Stole Over $14B in Cryptocurrencies in 2021**

<figure><img src="/files/Ysy2biTMzAxnd4PtzS5w" alt=""><figcaption><p>Source: <a href="https://go.chainalysis.com/2022-Crypto-Crime-Report.html">Chainalysis 2022 Crypto Crime Report</a></p></figcaption></figure>

Three of the most popular methods used by criminals include:

* **Malware**:  Malicious software that infiltrates a user’s computer, generally gaining access to his or her private keys
* **Code Exploits**:  Occur when coders find a vulnerability in a smart contract and leverage that to siphon funds to their own address
* **Scams**:  Utilize social engineering to deceive users and steal funds (e.g. a Ponzi Scheme)

Let’s take a deeper look into each of these categories below\... :point\_right:


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