Crypto hacks: The Story – The Cryptonomist
The post Crypto hacks: The Story – The Cryptonomist appeared on BitcoinEthereumNews.com. There are many features of cryptos that have attracted increasing attention, such as their degree of decentralization, transparency, and security. Some, however, have also wanted to test their degree of vulnerability, giving rise to crypto hacks. A report has delved into the topic referring to the last decade (2011-2023), also ranking the top 10 billion dollar hacks to crypto-exchanges. Crypto hacks: the report on billionaire attacks on cryptocurrencies over the past 10 years A report wanted to analyze something related to cryptocurrencies: the billion-dollar crypto hacks that have occurred over the past 10 years. Basically, a number of sources were delved into to create key statistics that tell the story of how hacker attacks on cryptocurrencies have behaved from 2011 to 2023. Among the various results, it was found that in 2023 alone, $1.89 billion was lost in 297 crypto hack attacks. That is $289,000 lost every hour due to cryptocurrency hacks this year. But that daunting figure for this still-ongoing year has nothing to do with the 2022 all-time high of $3.5 billion stolen in 284 theft incidents. Taking crypto-exchanges as market players, then, it appears that the worst year was 2018, which saw crypto-trading platforms collectively lose $1.1 billion to hacking and theft incidents. Over the past two years, DeFi is also seeing a significant increase in crypto hacks. Not only that, from 2011 to date, it appears that crypto companies and exchanges have lost a total of $12.36 billion in 1207 incidents. Of these, about 192 crypto-exchanges have been hacked and lost $3.80 billion in total. If one then thinks about which cryptocurrencies are in the crosshairs of crypto hacks, one cannot help but think of Bitcoin and Ethereum. And in fact, from 2011 to the present, there has been a total loss of 1,454,762 BTC and…
The post Crypto hacks: The Story – The Cryptonomist appeared on BitcoinEthereumNews.com.
There are many features of cryptos that have attracted increasing attention, such as their degree of decentralization, transparency, and security. Some, however, have also wanted to test their degree of vulnerability, giving rise to crypto hacks. A report has delved into the topic referring to the last decade (2011-2023), also ranking the top 10 billion dollar hacks to crypto-exchanges. Crypto hacks: the report on billionaire attacks on cryptocurrencies over the past 10 years A report wanted to analyze something related to cryptocurrencies: the billion-dollar crypto hacks that have occurred over the past 10 years. Basically, a number of sources were delved into to create key statistics that tell the story of how hacker attacks on cryptocurrencies have behaved from 2011 to 2023. Among the various results, it was found that in 2023 alone, $1.89 billion was lost in 297 crypto hack attacks. That is $289,000 lost every hour due to cryptocurrency hacks this year. But that daunting figure for this still-ongoing year has nothing to do with the 2022 all-time high of $3.5 billion stolen in 284 theft incidents. Taking crypto-exchanges as market players, then, it appears that the worst year was 2018, which saw crypto-trading platforms collectively lose $1.1 billion to hacking and theft incidents. Over the past two years, DeFi is also seeing a significant increase in crypto hacks. Not only that, from 2011 to date, it appears that crypto companies and exchanges have lost a total of $12.36 billion in 1207 incidents. Of these, about 192 crypto-exchanges have been hacked and lost $3.80 billion in total. If one then thinks about which cryptocurrencies are in the crosshairs of crypto hacks, one cannot help but think of Bitcoin and Ethereum. And in fact, from 2011 to the present, there has been a total loss of 1,454,762 BTC and…
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