A new report unveils that 2020 has been a year of fewer blockchain hacks as compared to 2019. Analysts believe blockchain breach attacks have been decreased with time.
Atlas VPN’s Report
As per the data published by Atlas VPN, the numbers of cryptocurrency and blockchain theft attacks have been decreased by 3 times as compared to 2019. According to Atlas’s report, there were 94 successful crypto hacking attacks reported in H1 2019, while there are only 31 breach attacks in the first half of 2020.
Throughout the last year, almost 133 theft attacks happened, and it is still impossible that 2020 reaches that number. “Nevertheless, based on the historical data, it seems that 2020 will not reach the record heights of last year, and blockchain hacks will remain on the decline,” the report added.
Since 2009, $13.6 billion has been stolen by hackers in nearly 330 cryptocurrency and blockchain hacks. Atlas VPN also outlined that EOS-powered DApps remained more vulnerable to these attacks. Nearly 117 DApps became victims of security breaches, which account for 36% ($28.28 million) of all theft attacks Besides EOS-powered decentralized apps, other entities, such as Ethereum-based DApps, cryptocurrency exchanges, and blockchain wallets, also became victims of attacks.
According to the report, almost $4.4 billion has been washed away in fraud last year. While in 2018, $1.7 billion was lost in different stealing attacks.
After Bitcoin gained mainstream recognition and popularity, investors added capital in different investment firms in an attempt to gain profit. But soon after that illicit actors also entered into it and tried to scam money out of people in the name of cryptocurrency. The data unveils that blockchain and crypto-related “hacks grew by 1450% from 2 registered breaches in 2012 H1 to 31 breaches in 2020 H1.”
In a recent security breach of cryptocurrency exchange, KuCoin’s hack, hackers have stolen more than $280 million. The exchange worked with other security research firms in order to curb the effects of breach attacks.
Various governments have been working seriously on devising rules and regulations to contain illicit activities.