A new report claims that the number of cryptocurrencies and blockchain-related hacks has decreased through 2020.
According to data analyzed by the VPN provider Atlas VPN, the number of hacks in the first half of 2020 decreased more than three times compared to the same period in 2019. This data is part of a report published by Atlas VPN on October 28.
According to Atlas VPN, 2019 was a record year for blockchain hackers, who carried out 94 successful attacks in the first half of the year, up from 31 in the first half of 2020.
According to the report, in 2019, there were 133 successful attacks on blockchain networks in 2019.
Using historical data, Atlas VPN analysts have suggested that blockchain piracy will continue to decline, saying:
“Since 2020 is not over yet, we can expect more blockchain-related disruptions before the end of the year. However, based on historical data, it appears that 2020 will not reach full-time last year, and the number of blockchain hacks will continue to happen. Decline. ”
Since 2009, hackers have stolen $ 13.6 billion through 330 blockchain-related hacks, according to the report. Atlas VPN found that attacks targeting EOS-based decentralized apps, or DApps, were the most successful by number of hacks. The report notes that EOS DApps are tracked by cryptocurrency exchanges, blockchain wallets, and DApps based on the Ethereum blockchain.
As previously reported, the total volume of cryptocurrency-related fraud and theft resulted in a loss of $ 4.4 billion in 2019. By comparison, hackers were alleged to have stolen approximately $ 1.7 billion through theft and fraud in 2018.