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Home security "Blockchain hacks": In 2020, billions were stolen

"Blockchain hacks": In 2020, billions were stolen

We know how some hackers during the lockdown tried to cover their free time by performing various hacks related to Bitcoin and possibly earning "almost $ 3,78 billion" in 2020, Atlas VPN reports in a report. The losses from "blockchain hacks" are huge but not at the level claimed by Atlas VPN.


The data collected by Slowmist Hacked showed that there were 122 attacks in 2020, targeting the three main areas you will see below:

  • Decentralized applications running on the platform Ethereum received 47 attacks (current value $ 437 million)
  • Cryptocurrency exchanges were hit 28 times (current value $ 300 million in losses)
  • 27 attacks on blockchain wallets

Wallets were the most profitable target, with losses of $ 3 billion in current Prices and an average of $ 112 million per wallet hack compared to about $ 10 million per attack on Ethereum applications or exchanges.

The good news is that there was a small reduction in the number of attacks related to blockchain, with a decrease of 8% from the 133 attacks that took place in 2019 and this number is expected to be further reduced in 2021.

Fewer attacks, but the scale of the losses could increase dramatically if the value of Bitcoin and other cryptocurrencies maintains a strong momentum as in 2020.

The "$ 3,8 billion" stolen, according to Atlas VPN, is inflated because it is based on the conversion rates of January 12, 2021 - not the current price. infringement. The constant increase in the value of cryptocurrencies makes the total losses to look great larger.

Bitcoin on January 12 was worth $ 34.100. In March, its price reached $ 4.857 and ended the year almost six times higher at $ 28.897,40.

Source of information:


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