Top Crypto Thefts and Hacks of 2020, and What We Can Learn from Them

Top Crypto Thefts and Hacks of 2020, and What We Can Learn from Them

Staying ahead of cybercriminals for both individuals and especially enterprises is like playing cat and mouse, with so much money at stake, cybercriminals are constantly upping their game, and the sophistication of their attacks. This explains why cybersecurity attacks in 2021, according to the Identity Theft Resource Center (ITRC), have already surpassed the total number […]

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Roundup of crypto hacks, exploits and heists in 2020

2020 has been the year of DeFi, but not all has gone smoothly with the fledgling financial ecosystem. Unlike in previous years, crypto news in 2020 has not been dominated by major exchange hacks and million dollar Bitcoin thefts. However, there have still been quite a few and most of them have originated from the nascent decentralized finance sector.DeFi has been one of the main drivers of crypto market momentum in 2020 and it stands to reason that the emerging financial landscape has been a magnet for scammers and hackers. Largely unaudited smart contracts coupled with cloned code have....

Non-Fungible Thefts: Why Is The NFT Growth Mired With Thefts And Hacks?

The growth of NFTs have been a joy to watch. The willingness of many to pay millions of dollars for digital arts is a testament of what a world that continues to go digital could look like. Reports shows that NFT marketplaces and collections grew from $106 million in 2020 to $44.2 billion in 2021. […]

Report: Crypto crimes declined in 2020, but DeFi hacks are on the rise

The recent surge in DeFi makes the industry is an attractive target for hackers. Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says.Citing major crypto analytics firm CipherTrace, Reuters reported on Nov. 10 that total losses from crypto thefts, hacks and fraud dropped from $4.4 billion in 2019 to $1.8 billion over the first 10 months of 2020.CipherTrace CEO Dave Jevans said that the general decline of criminal activity in the crypto industry is a result of increased security....

The Bitcoin Exchange Thefts You May Have Forgotten

Cryptocurrency exchange losses have been a nuisance since Bitcoin was first created. Many remember the loss of roughly 850,000 BTC in the demise of Mt Gox and the most recent 120,000 BTC Bitfinex compromise. However, over the course of the past eight years there has been various exchange hacks and/or inside jobs. 50+ Cryptocurrency Hacking Thefts Since....

Report: Blockchain-related hacks have declined in 2020

Analysts state that blockchain hacks should remain on the decline. The amount of cryptocurrency and blockchain-related hacks has been decreasing over the course of 2020, a new report claims.According to data analyzed by VPN provider Atlas VPN, the number of hacks in the first half of 2020 dropped more than three times compared to the same period in 2019. The data is part of a report released by Atlas VPN on Oct. 28.According to Atlas VPN, 2019 was a record-breaking year for blockchain hackers that exploited 94 successful attacks in the first half of the year, while in H1 2020 there were....