We all know how some hackers handed away their time throughout the lockdown: By operating Bitcoin-related hacks and probably netting “almost $3.78 billion” in 2020, in response to a report from Atlas VPN.
The losses are large however not on the degree Atlas VPN claims as a result of it used mid-January 2021 values fairly than on the time of the breach.
Knowledge collected by Slowmist Hacked confirmed that there have been 122 assaults in 2020, focusing on three main areas:
- Decentralized apps operating on the Ethereum platform had 47 assaults (present worth $437 million)
- Cryptocurrency exchanges had 28 assaults (present worth $300 million in losses)
- 27 assaults on blockchain wallets
Wallets had been probably the most profitable goal, with $3 billion in losses in present values and a median of $112 million per pockets hacking occasion in comparison with about $10 million per assault on Ethereum apps or exchanges.
The excellent news is that there was a slight lower within the variety of blockchain-related assaults, with an 8% drop from 133 assaults in 2019, and this quantity is predicted to drop additional in 2021.
Fewer assaults, however the scale of the losses may dramatically mushroom if the worth of Bitcoin and different crypto-currencies maintains a powerful momentum as they did in 2020.
The “$3.8 billion” stolen that Atlas VPN claims are drastically inflated as a result of they’re primarily based on Jan. 12, 2021 conversion charges — not even on end-of-the -ear values, not to mention the worth on the time of the breach. The continued rise within the worth of cryptocurrencies makes the whole losses look a lot bigger.
Bitcoin on Jan. 12 was price $34,100. It was valued at $4,857 in March and completed the yr almost six instances increased at $28,897.40.