The amount of cryptocurrency and blockchain-related hacks declined during 2020, according to a new report.
According to data analyzed by VPN provider Atlas VPN, the number of hacks in the first half of 2020 fell more than three times compared to the same period in 2019. The data is part of a report released by Atlas VPN on October 28.
According to Atlas VPN, 2019 was a banner year for blockchain hackers who exploited 94 successful attacks in the first half of the year, while in H1 2020 there were 31.
According to the report, the year 2019 as a whole saw 133 successful attacks on blockchain networks.
Using the historical data, Atlas VPN analysts suggested that blockchain hacks would remain in decline, stating:
“Since 2020 is not over, we can expect more blockchain-related violations to occur before the end of the year. Nonetheless, based on historical data, it looks like 2020 will not reach the record highs of last year and blockchain hacks will remain in decline.
According to the report, hackers have stolen $ 13.6 billion through 330 blockchain-related hacks since 2009. Atlas VPN found that attacks targeting EOS-based decentralized applications, or DApps, were the most successful in terms of number of violations. EOS DApps are followed by cryptocurrency exchanges, blockchain wallets, and Ethereum blockchain-based DApps, the report notes.
As previously reported, the total volume of cryptocurrency-related fraud and theft resulted in losses of $ 4.4 billion in 2019. In comparison, hackers are said to have stolen around $ 1.7 billion through crypto thefts and scams in 2018.