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Blockchain industry lost $ 13.6 billion due to hacker attacks

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How Hackers Steal Your Crypto Without You Knowing… And How to Prevent it. – George Levy

Blockchain industry lost $ 13.6 billion due to hacker attacks

Blockchain industry lost $ 13.6 billion due to hacker attacks
CONTENT

  • Since its inception, the blockchain industry has lost about $ 14 billion due to frequent attacks

  • Attacks on cryptocurrency storage providers turned out to be the most profitable

  • TRON ecosystems turned out to be the least profitable for hacking dApps

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The relatively young blockchain industry has already lost almost $ 14 billion over the short years of its existence due to incessant cyber attacks

Atlas VPN application specialists concluded that the blockchain industry has lost about $ 13.6 billion since its inception due to 330 hacker attacks. The company announced this on its official website. According to Atlas VPN, the most successful attacks in terms of the number of hacks were attacks aimed at the ecosystem of decentralized applications (dApps) of the EOS blockchain..

Blockchain industry lost $ 13.6 billion due to hacker attacks

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Developers of dApps on the EOS architecture faced 117 attacks, which is almost 36% of all blockchain-related violations, according to Atlas VPN. In aggregate, the attacks on EOS brought the organizers about $ 28.2 million, or about $ 241,000 in profit per attack..

In the case of the Ethereum blockchain, the situation is somewhat different. According to Atlas VPN estimates, 33 successful attacks on dApps have been recorded in the Ethereum ecosystem, with a total revenue of $ 364 million (approximately $ 11 million per hack).

The TRON ecosystem has also seen multiple attacks on decentralized applications. In total, cybercriminals carried out 21 successful attacks on TRON applications, obtaining $ 1.22 million (about $ 58.3 thousand per hack).

Source: atlasvpn.com

Next in terms of profit are attacks on cryptocurrency exchanges. In total, attackers conducted 87 successful attacks and raised $ 4.8 billion in total, which is $ 55.4 million per hack.

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Hacks of cryptocurrency storage service providers turned out to be much less in terms of the number of attacks. Over the past eight years, cryptocurrency storage services have faced 36 attacks, which combined amounted to $ 7.19 billion in profits to hackers, or about $ 200 million per attack..

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Blockchain networks themselves are no exception. Since 2012, 28 successful attacks have been committed against different blockchains. In total, the attackers earned $ 45.8 million from blockchain hacks, which is $ 1.6 million per hack. Target blockchains include Bitcoin Gold and Litecoin, according to Atlas VPN. The Ethereum ecosystem, according to Atlas VPN estimates, has the least precedents (only 8 hacks), nevertheless, the attackers received about $ 143 million for each attack..

Blockchain industry lost $ 13.6 billion due to hacker attacks

Source: atlasvpn.com

According to the report, 2019 was a record year for blockchain hackers, with 94 successful attacks carried out by hackers in the first half of the year alone. In total, in 2019, cybercriminals carried out more than 130 successful attacks. However, according to Atlas VPN experts, the blockchain industry has seen a decrease in general attacks on decentralized networks..

Based on historical data, it seems that 2020 will not reach the all-time highs of last year and the number of blockchain hacks will continue to decline, the report says..

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