- Hackers stole virtually $700 million in 72 assaults within the first quarter of 2022, Atlas VPN mentioned.
- Assaults on the solana and Binance Good Chain ecosystems accounted for over half of those losses.
- NFTs have been the highest targets for hackers, resulting in a near-$49 million loss.
Crypto blockchain hackers stole virtually $700 million in 2022, and assaults on the solana and Binance sensible chain ecosystems accounted for effectively over half of that complete, in accordance with a report on Tuesday from Atlas VPN said.
Cybercriminals stole $682 million from 72 assaults within the first three months of the 12 months, the report mentioned. Hacks of the solana and BSC networks led to virtually $500 million in stolen funds, with $400 million stolen from solana and $100 million from Binance sensible chain, in accordance with Atlas
NFTs have been the highest goal, with the very best variety of hacks at 20, netting a near-$49 million loss. Some attackers used
to steal victims’ NFTs, the report mentioned.
“With the rise of recent crypto ecosystems, cybercriminals get extra targets they will exploit. As well as, the surging NFT development attracted much more scammers to the business,” Atlas VPN mentioned.
Financial losses have been calculated primarily based on the conversion charge of a specific cryptocurrency when the assault passed off.
The BSC ecosystem had 12 hacks whereas the solana ecosystem was hacked 4 instances. Wormhole, a communication bridge between solana and different decentralized finance (DeFi) networks, was the goal of the largest hack in February of this 12 months.
“An attacker exploited a signature verification vulnerability within the community to mint 120K Wormhole-wrapped ether on solana, price about $334 million,” Atlas VPN mentioned.
The ethereum ecosystem skilled 16 hack assaults in 2022 and misplaced almost $25 million. It skilled the identical variety of hackings within the first quarter of final 12 months, making it the highest goal for hackers.
Exchanges have been hacked 3 times, shedding $42 million. Different forms of hacks on blockchain brought on $52 million in losses in 9 situations.
Most blockchain-related hacks happen when cybercriminals exploit flaws within the mission code. Profitable hack could cause large losses to creators and traders on crypto platforms.
Blockchain-related hacks have reached a record-high within the first quarter of 2022, displaying an 118% improve in contrast with the identical quarter final 12 months, the information confirmed.
“The rising market of cryptocurrencies entices not solely legit folks within the expertise, but additionally cybercriminals who wish to exploit it,” Atlas VPN mentioned.
Hackers stole with greater than $4 billion worth of cryptocurrencies in 2021, in accordance with a report by Crystal Blockchain, virtually triple the quantity stolen in 2020.
And final week, a crypto hacker pulled off one of many largest heists in history, stealing $625 million price of ether and stablecoin USDC after concentrating on Axie Infinity’s Ronin Community.