In 2020 Q1, 13 blockchain-related hacks were detected. In contrast to 2019, when most blockchain-related breaches took place in the first quarter of the year, the first three months of 2020 saw the least amount of successful attacks. Let’s look at the attack numbers quarter by quarter.
While the drop is not very significant, it still indicates an overall decline in blockchain-related hacks. The year 2019 saw 133 coordinated attacks targeting various blockchain platforms, apps, and tokens, while in 2020, the number decreased by 8% to 122. In 2020, blockchain-related hacks dropped for the first time in the last five years. Now that 2020 finally wrapped up, we can see that the trend persisted till the end of the year. In our mid-year report on blockchain-related attacks, we observed a decline in hacks. Blockchain-linked hacks drop for the first time in 5 years However, it is not clear how much financial damage these scams have caused. In total, Tron DApp breaches cost victims $10 million or around $3.33 million per hack, while EOS DApps caused damages of $2.85 million or approximately $949,416 for each breach.įinally, 2020 saw two scams involving Ethereum-based tokens, a type of the token issued solely on the Ethereum blockchain. Each type of DApps was breached three times last year. Like ETH DApps, they are decentralized applications based on specific protocols. The year saw 12 successful attacks launched at different blockchains, which brought cybercriminals $5.91 million or $492,517 per each breach. The nature of blockchain wallets makes them the most profitable target to cybercriminals.īlockchains themselves were also affected by hacks in 2020. Last year, hackers launched 27 successful attacks aimed at crypto wallets, netting $3.03 billion or around $112.12 million per hack. The third spot in the list is occupied by blockchain wallets - digital wallets that allow crypto holders to store their cryptocurrencies. In 2020, there were 28 cryptocurrency exchange breaches, which together amounted to $300.15 million in losses or approximately $10.72 million per hack. In 2020 alone, there were 47 successful attacks aimed at ETH DApps, which cost victims around $436.36 million or $9.28 million per hack.Ĭryptocurrency exchanges, businesses that allow their clients to trade crypto to other assets, were also highly targeted last year. Monetary losses were calculated based on the January 12th, 2021 conversation rate.Įthereum (ETH) DApps, decentralized applications based on the Ethereum smart contract, were the most frequently breached blockchain target. The data also considers blockchain scams, which make up 13% of all blockchain hack events in 2020. The numbers are based on the data provided by Slowmist Hacked, which aggregates information about disclosed attacks aimed at blockchain projects, apps, and tokens. Blockchain-linked attacks that happened last year alone account for almost a third (33%) of all time hacks aimed at blockchain projects. Nevertheless, the blockchain sector did not evade cyberattacks last year.Ītlas VPN team found that blockchain hackers stole nearly $3.78 billion in 122 attacks throughout 2020. It seems that the worldwide chaos hardly affected the blockchain world as cryptocurrencies, such as Bitcoin, saw a significant rise in their value by the end of 2020. The global pandemic did not only threaten our physical health but also gave way to a new wave of cyberattacks endangering our digital lives. The year 2020 was challenging for cybersecurity and the world in general.
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