In 2021, cryptocurrency theft and fraud involved nearly US $3 billion From Crypto Head
The following is the In 2021, cryptocurrency theft and fraud involved nearly US $3 billion From Crypto Head recommended by recordtrend.com. And this article belongs to the classification: Blockchain, network security.
According to a study released on Tuesday, there has been a surge in cyber intrusion and fraud cases in the cryptocurrency market this year. So far, 32 theft and fraud cases have occurred, with a total value of $2.99 billion. According to the analysis of crypto head, which tracks the cryptocurrency market information and writes the cryptocurrency market guide, the number of cryptocurrency theft and fraud events this year is expected to break the record of 38 in 2020, and the number of cases last year increased by 40.7% compared with 2019.
The average value of theft and fraud cases this year was $93.3 million. Attacks on wallets and exchanges are the most common type, with 126 in the past 10 years, surpassing attacks and fraud related to decentralized Finance (DFI) (41 each). James page, author of crypto head encryption technology, wrote: “however, the number of defi vulnerabilities is increasing, and this new technology is more prone to potential weaknesses.”
Over the past 10 years, cryptocurrencies worth a total of $19.2 billion have been stolen and defrauded. Bitcoin is the most attacked, accounting for 33.3% of the total cases.
Ethereum is the second most attacked cryptocurrency, recording 36 times in the past 10 years, or 12.8% of the total.
The United States is the most frequently attacked country, with 17 hacker and fraud cases, followed by the United Kingdom and South Korea, with 12 and 9 cases respectively.
In May 2021, the number of attacks by hackers reached a record, but in 2017, hackers made the most money, stealing an average of US $223.5 million, with a total amount of up to US $4.7 billion. Crypto head said that the biggest hacking incident so far occurred in Mt. GOx, which has stolen $615 million over the years, leading to the bankruptcy of the platform in 2014.
Crypto head said that most of the data it analyzed came from crystal, a digital asset analysis platform, and ignored cryptocurrency cases intercepted by the government or law enforcement departments.
More reading: FTC: since October 2020, Americans have lost more than $80 million due to cryptocurrency investment scams, with a year-on-year increase of 1000% bolt: cryptocurrency fraud increased by 90% year-on-year in 2020 Ernst & Young: hackers can steal $1.5 million from cryptocurrency every month. UK FCA: young investors buy cryptocurrency mainly for “stimulation”: cryptocurrency hackers lost more than $1.5 million in 2019 JPMorgan Chase: 80% of institutional investors will never invest in cryptocurrency juniper research: cryptocurrency field is on the verge of collapse check point: cryptocurrency mining attacks against IOS devices increased by nearly 400% pitchbook: venture capital funds invested $17 billion in cryptocurrency companies in 2021 Robin Hood: in 2021, the number of cryptocurrency transactions reached 9.5 million, month on month Nearly sixfold increase MasterCard: 40% of people plan to use cryptocurrency to pay ciphertrace next year: in the first nine months of 2019, the global cryptocurrency crime loss reached US $4.4 billion. Coingecko & blockportfolio: in April 2021, the total market value of the global cryptocurrency exceeded US $2 trillion for the first time. Viber: the survey shows that less than 3% of people will use Facebook Libra cryptocurrency bitwise: up to 86% of the cryptocurrency transaction volume can be used Can it be forged
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