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Blockchain-related hacks have declined in 2020

Blockchain-related hacks have declined in 2020

The quantity of cryptocurrency and blockchain-related hacks has been reducing over the course of 2020, a brand new report claims.

In response to information analyzed by VPN supplier Atlas VPN, the variety of hacks within the first half of 2020 dropped greater than 3 times in comparison with the identical interval in 2019. The info is a part of a report launched by Atlas VPN on Oct. 28.

In response to Atlas VPN, 2019 was a record-breaking 12 months for blockchain hackers that exploited 94 profitable assaults within the first half of the 12 months, whereas in H1 2020 there have been 31.

Supply: Atlas VPN

Per the report, 2019 as a complete noticed 133 profitable assaults on blockchain networks.

Utilizing the historic information, Atlas VPN’s analysts instructed that blockchain hacks will stay on the decline, stating:

“Since 2020 isn’t over, we will anticipate extra blockchain-related breaches to occur earlier than the top of the 12 months. Nonetheless, based mostly on the historic information, plainly 2020 won’t attain the file heights of final 12 months, and blockchain hacks will stay on the decline.”

In response to the report, hackers have stolen $13.6 billion by 330 blockchain-related hacks since 2009. Atlas VPN discovered that assaults focusing on EOS-based decentralized apps, or DApps, had been essentially the most profitable by way of the variety of breaches. EOS DApps are adopted by cryptocurrency exchanges, blockchain wallets and Ethereum blockchain-based DApps, the report famous.

As beforehand reported, the whole quantity of cryptocurrency-related fraud and theft resulted in $4.Four billion losses in 2019. As compared, hackers reportedly stole about $1.7 billion by crypto thefts and scams in 2018.

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