Hackers looted nearly $ 3.8 billion in cryptocurrencies in 2020

Source: Heise.de added 14th Jan 2021

  • hackers-looted-nearly-$-3.8-billion-in-cryptocurrencies-in-2020

Over the past year, blockchain hackers have been involved in over 78 attacks of all kinds around 3, 78 Billions of dollars in cryptocurrencies stolen from the January Bitcoin high 2021 is used as the basis for calculation. This means that around a third of all blockchain attacks recorded so far took place in the year 2020 alone.

Ethereum DApps favorite of the hackers The ultimate goal of the hackers was the Ethereum (ETH) DApps. Last year 47 attacks on these decentralized ETH apps were registered as successful. According to yesterday’s prices, this cost ETH investors around 300, 4 million US dollars. So the hackers captured 9, 27 million US dollars per attack.

Exchange offices for cryptocurrencies were also a popular target for hackers, as Atlas VPN reports. Here investors can exchange their digital coins for other values. Last year 27 successful hacker attacks were registered here, resulting in losses of just over 300, totaled 1 million US dollars.

Third place among the blockchain hackers’ favorites is the so-called blockchain wallets, in which investors store their cryptocurrencies. These digital wallets were the target of 20 successful attacks last year in which the hackers 3, 03 were able to steal millions of dollars.

Positive It should be noted, however, that the number of blockchain attacks has decreased compared to the previous year. Because 2019 were even more successful than 130 Hacks registered. However, this is only an 8 percent decrease. After Bitcoin exceeded a mark for the first time 35. 000 has reached US dollars and other crypto currencies have also risen, these should continue to be attractive for hacker attacks.

Lost blockchain wallets worth billions However, hacker attacks are not the only problem for cryptocurrency investors. According to the New York Times are approximately 20 Percentage of all 10 , 5 million existing bitcoins lost or can no longer be found. This boils down to a total value of approximately 140 billion US dollars.

main reason for a lost Blockchain wallet is a forgotten password. Cryptocurrency investors cannot rely on a bank or digital payment service provider such as PayPal to have a new PIN or password sent to them. The user does not have to reveal his or her identity in order to create a blockchain wallet. But he is responsible for his own cryptocurrencies and their administration.

Some investors are now sitting on Bitcoins worth several million US dollars, which are stored on hard drives. However, due to the missing password, they can no longer be reached or used. One example is one of the creators of the popular Bitcoin introductory video from 2011, which is almost 10 Counts millions of calls. At that time he got 7. 002 Bitcoins, but then lost his digital access data . The value of his lost blockchain wallet is currently over 230 million US dollars. Now he has safely locked the hard drive away and is waiting either for an inspiration or a new opportunity to decrypt the data.

(fds)

Read the full article at Heise.de

brands: First  longer  Million  New  One  other  Reveal  Value  
media: Heise.de  
keywords: Bitcoin  Payment  

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