Criminals have already stolen over $100 million from blockchain projects in 2021
Blockchain continues to attract fraudsters and criminals
By Sead Fadilpašić, TechRadar
May 3, 2021
Cybercriminals hunting for victims in the blockchain space have had a successful start to 2021, and have already managed to steal almost 50% more money than in the same period last year.
According to new figures from Atlas VPN, hacked dApps (decentralized applications built on the Ethereum network), cryptocurrency wallets and exchange accounts have brought criminals around $108.3 million in the first quarter of 2021 (46% more than in Q1 2020).
DApps are the most popular targets nowadays, Atlas VPN says, being affected by a total of 11 breaches and five scam events for the period. In total, more than $86 million were lost.
There were also nine blockchain wallet breaches reported, as well as one scam event and two blackmail cases, which saw victims lose roughly $19.3 million.
On exchanges, there were four breaches and one scam event, resulting in losses of $2.9 million.
More hacks expected ...