Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds
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Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

THELOGICALINDIAN - A contempo address by cybersecurity aggregation begin that over the accomplished two years cryptocurrency exchanges accept absent 882 actor to hackers The address additionally warns that the trend is acceptable to access in the approaching as hackers absolute added of their absorption to exchanges

$1.3 Million Lost Every Day

Moscow-based cybersecurity aggregation Group-IB has released a address on the hacker attacks adjoin cryptocurrency exchanges in the aftermost two years, advertence that $882 actor accept been absent in damages. If we breach this bottomward to a circadian average, we’ll see that over $1.3 actor are absent to hackers every day.

The best notable break-in in the appear aeon is the advance adjoin Japan’s Coincheck which resulted in $532 actor account of NEM tokens actuality stolen. The additional better hit was adjoin Italian BitGrail which saw $170 actor in NANO lost. Other acknowledged attacks were additionally launched adjoin Bithumb, EtherDelta, Zaif, and others alike.

Some of the busiest hacker groups which purportedly orchestrated these attacks accommodate Lazarus, Cobalt, Silence, and MoneyTaker.

Cybercrime

Things Are Unlikely to Get Better

Group-IB’s address additionally indicates that things are absurd to get bigger in the abreast future. Just the opposite, the cardinal of attacks “will rise.” The address reads:

It’s additionally account acquainted that cryptocurrency exchanges are not the alone victim to cybercriminals. According to the report, addition actual advancing award categorical by the analysis is that over 10 percent of the money aloft with antecedent bread offerings (ICOs) was baseborn throughout the adumbrated time frame.

The abstraction additionally finds that added than bisected of the funds baseborn from ICO projects were affiliated to phishing attacks, appropriately advancement anybody complex to be decidedly vigilant. The abstraction stated, “Attacks on ICOs will abide a blackmail for every activity potentially able to allure investors.”

What do you anticipate of the address by Group-IB? Don’t alternate to let us apperceive in the comments below!

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