Crypto Theft Drops in December 2022, Square Enix Explores Blockchain Entertainment

• CertiK reported that in December 2022, $62.2 million worth of cryptocurrencies were stolen.
• Square Enix is exploring new business opportunities, including blockchain entertainment.
• Hong Kong’s financial services firms are preparing to enable retail clients to trade virtual assets.

Today in Crypto, news emerged of a significant amount of cryptocurrencies being stolen in December 2022. According to blockchain security company CertiK, $62.2 million worth of cryptocurrencies were stolen during that month, making it the lowest monthly figure seen last year. The total included $15.5 million stolen in exit scams and $7.6 million in flashloan-based attacks.

In other news, gaming giant Square Enix is looking to explore new business opportunities in the blockchain space. An annual letter by President Yosuke Matsuda stated that the company is “most focused” on blockchain entertainment, and that “aggressive investment and business development efforts” were being made in this field. Matsuda also commented that blockchain recognition had grown in 2022, evidenced by “Web 3.0” becoming a firmly established buzzword among businesspeople.

Finally, Hong Kong’s financial services firms are preparing to enable their retail clients to trade virtual assets in the coming months. This follows the Anti-Money Laundering and Counter-Terrorist Financing Act passed last month by the Legislative Council. Industry players have stated that many local brokers and fund managers are seeking advice from them about the licensing requirements under the new regulations.

Overall, this serves as a reminder of the security risks that come with cryptocurrency investments, as well as the growing potential for blockchain technology in the entertainment and financial sectors. With the increasing recognition of blockchain and virtual assets, it’s likely that we’ll see further developments in these areas in the near future.