Recommended content
159

Blockchain hackers have stolen $13.6bn in 330 breaches to date

Blockchain hackers have to date stolen $13.6bn in 330 breaches
Oliver
Scott
4 weeks ago
2 mins read

Finbold Recommends

Step 1 Open a Webull brokerage account until Nov 30, 2020
and get 2 FREE stocks valued between $2.5-$250!
Step 2 Make an initial deposit of $100 or more and receive 2 more FREE stocks,
each valued between $8-$1600!

What we like:

Full Extended Hours Trading

24/7 Support

SIPC protected upto 500K

Trade Stocks, Options, ETFs & ADRs

Rating

Visit Now

Blockchain hackers have to date made away with about $13.6 billion in 330 hack incidents. A report by Atlas VPN indicates that EOS Dapps were the most targeted platforms by hackers. 

EOS Dapps have faced a total of 117 breaches in the process losing about $28.28 million or $241,785.8 per hack. Notably, EOS Dapps hackings account for 36% of all the breaches recorded.

Cryptocurrency exchanges were the second most targeted platforms, recording 87 hacks.  The hackers have managed to mint $4.82 billion from digital assets exchanges. The report adds that blockchain wallets have been targetted about 36 times losing $7.19 billion in the last eight years.

Ethereum Dapps have been hacked 33 times, with hackers making away with $364.38 million, representing approximately $11,041,895.68 per breach.

Interestingly, blockchains have also suffered a fair share of hacks in their lifetime. There have been 28 successful hacks on different blockchains, losing $45.8 million.  On the other hand, Tron (TRX) Dapps have been hacked 21 times. The Dapps have lost a total of $1.22 million. 

Lastly, Ethereum-based tokens have recorded the least amount of hacks in their lifetime. Hackers have minted $1.14 billion from eight breaches, about $143,196,250 per breach. 

Blockchain hacks on the decline

The report acknowledges that the number of successful hacks in 2020 H1 has drastically dropped compared to a similar period last year. During the first half of this year, only 31 successful blockchains have been recorded compared to 94 last year. 

According to the report:

“Since 2020 is not over, we can expect more blockchain-related breaches to happen before the end of the year. 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.”

It worth mentioning that 2019 recorded the highest number of hacks in history at 133. 

Trusted & Regulated Stock & CFD Brokers

Step 1 Open a Webull brokerage account until Nov 30, 2020
and get 2 FREE stocks valued between $2.5-$250!
Step 2 Make an initial deposit of $100 or more and receive 2 more FREE stocks,
each valued between $8-$1600!

What we like:

Full Extended Hours Trading

24/7 Support

SIPC protected upto 500K

Trade Stocks, Options, ETFs & ADRs

Rating

Visit Now

Trusted Challeger Banks

What we like:

No hidden fees.

Multi-currency account.

Free business account.

Cheap and fast transfers abroad.

Rating

Visit Now

Be first to rate

Join us on Twitter or Telegram

Follow on News
Oliver Scott
Author

Oliver is a revolutionist in the sense that he embraces change as it comes. He is passionate about blockchain, digital assets, the Internet of Things, Artificial Intelligence, and all evolving technologies. At Finbold.com Oliver covers data-driven stories and researches that reveal meaningful insights for the reader.