New Report: Blockchain Hackers Stole $1.3 Billion In Q1 2022

The hackers allegedly stole over $1.3 billion overall through various schemes.

North Korean hackers stole cryptocurrency worth about $400 million last year in at least seven major attacks on crypto platforms. “Only 20% of the stolen funds were bitcoin … And for the first time ever, ether accounted for a majority of the funds stolen at 58%,” said blockchain data analytics firm Chainalysis. North Korean Hackers Stole $400 Million in Crypto Last Year Blockchain analytics platform Chainalysis published an analysis on North Korean hackers and their unlaundered cryptocurrency holdings Thursday. The firm described: North Korean....

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....

An unnamed Ukrainian bank has lost over $10 million after hackers broke into the systems and stole the money. The banks now have an urgent need for blockchain based fund transfer solutions, as the conventional systems are being frequently compromised. The SWIFT network, which is widely used by the banks across the world for electronic fund transfers has been affected by multiple hacking attacks till date, resulting in huge loss of funds. After the recent hacking incident where hackers stole money belonging to the Central Bank of Bangladesh from US Federal Reserve, a Ukrainian bank has....

While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and projects obtained last year. H1 Crypto Ecosystem Funding Report Shows Capital Continues to Flow Despite Crypto Winter A significant sum of money has been injected into specific blockchain projects and startups....