Search Coins

NFT Collection The Superlative Secret Society Price, Stats, and Review

cryptodaily.co.ukin a year
-2

Bitcoin consolidation expected to end with impulse move to $135K: Data

cointelegraph.com8 minutes ago
0

Tokenized Treasury Frenzy Fizzles With Stunning $800M Weekly Drop

news.bitcoin.com11 minutes ago
0

Shiba Inu Price Prediction As Whales Buy The Dip- Is the Bottom In?

coingape.com11 minutes ago
0

No code breaks, just more room: what to expect from Ethereum’s Fusaka hard fork

crypto.news12 minutes ago
0

Is $1 Just the Beginning for Dogecoin?

www.livebitcoinnews.com15 minutes ago
0

LFG... Launches AI Alpha Pilot for Meme-Coin Hunters

cryptodaily.co.uk17 minutes ago
0

LFG… Launches AI Alpha Pilot for Meme-Coin Hunters

thebitcoinnews.com18 minutes ago
0

Dow Jones drops, Tesla stock gets crushed on earnings miss

crypto.news21 minutes ago
0

Societe Generale Teams Up with 21Shares to Support Crypto ETPs

coindoo.com22 minutes ago
0

33rd Stage Nearly Gone: Arctic Pablo Presale Blasts Past $3.08M with 17,000% ROI Potential as Fartcoin and Dogecoin Gain Traction

coindoo.com26 minutes ago
0

Bitcoin Approaches Structural Ceiling, Analyst Warns Of Power Law Resistance

www.newsbtc.com41 minutes ago
0

Hayes Sets Bold 2025 Targets: Bitcoin $250K, Ethereum $10K

www.livebitcoinnews.com41 minutes ago
0

Financial Expert Says This Move By JPMorgan Validates XRP As A Legitimate Asset

bitcoinist.com41 minutes ago
0

TRUMP slips to key levels – The memecoin eyes $9.70 support next

ambcrypto.com41 minutes ago
0

Anchorage Digital Rolls Out First Fully Compliant U.S. Stablecoin

coindoo.com41 minutes ago
0

What’s Behind the TRUMP Token Crash Amid Epstein Revelations?

www.livebitcoinnews.coman hour ago
0

Strategy expands preferred stock offering to $2B amid Bitcoin-fueled rally — Report

cointelegraph.coman hour ago
0

Mara Holdings Plans $1B Note Sale to Accelerate Bitcoin Accumulation

www.livebitcoinnews.coman hour ago
0

XLM price has crashed: 3 reasons Stellar may rebound

crypto.newsan hour ago
0

Trading platform WOO X pauses withdrawals after $14M breach

cointelegraph.coman hour ago
0

TON Foundation To Raise $400M For Toncoin Treasury Company

coingape.coman hour ago
0

Investors Are Rotating More And More From Bitcoin Into The Altcoins: CryptoQuant

OPTO Miner launches smart, secure mobile platform for cloud-based crypto mining

crypto.newsan hour ago
0

BNB Now More Valuable Than Rolls-Royce Holdings As Market Cap Soars

bitcoinist.com2 hours ago
0

Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

Mar 21, 2023 8:00 PM +00:00
0

Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 billion in crypto assets. So far this year, there have been 19 different incidents resulting in the theft of $136 million.


Top Countries Targeted by Crypto-Related Incidents: United States Leads in Frequency, China Tops in Value

On Tuesday, Crystal Blockchain released a report providing a comprehensive analysis of fraudulent activities and security vulnerability attacks since 2011. The report reveals that during the past 12 years, there were 461 incidents that took place in 45 countries, resulting in $16.7 billion in stolen crypto assets.



According to Crystal’s intelligence report, 231 defi hacks, 135 security attacks, and 95 fraudulent schemes were reported during this period. Defi hacks ranked second in terms of value, with $4.81 billion stolen, while scams resulted in more than $7.5 billion in stolen crypto assets.



According to the study, the United States has the highest number of incidents against crypto companies and bad actors. However, in terms of overall value, China ranks highest due to the Plus Token Ponzi scam in 2019 and the Wotoken Ponzi in 2020.



Crystal researchers state that until 2021, the most popular attacks were against crypto-exchange security systems, but since then, attackers have shifted to decentralized finance hacks. Currently, Crystal reports that centralized exchange (cex) hacks cause the least amount of financial damage. “In 2022, the ratio of cex versus [decentralized exchange (dex)] hacks was as high as 1:13,” note Crystal’s researchers.



The largest defi hack to date was the Ronin network bridge hack in March 2022, resulting in the loss of over $650 million. The majority of the funds stolen in the Ronin hack were transferred to Tornado Cash, a cryptocurrency mixing service.


Crystal researchers note that “Tornado Cash remains the most popular service for laundering funds on the Ethereum Blockchain.” The report states that last year, stolen crypto assets from the top 10 defi exploits exceeded $2.61 billion. Additionally, non-fungible token (NFT) rug pulls became popular in 2022, with Crystal counting “48 successful scams” during the year.


Crystal Blockchain’s report in its entirety can be read here.


What do you think should be done to improve security measures in the cryptocurrency and decentralized finance (defi) space? Share your thoughts and ideas in the comments section below.

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.