Latest News
Cryptocurrencies worth over $1 billion lost to hackers in Q3 2021
News Highlight
While comparing more statistics from now and 2020, the Ethereum ecosystem and cryptocurrency exchanges remain the primary targets for hackers.
Data published by Atlas VPN, a digital security and privacy solutions provider, shows that blockchain hackers have stolen over $1 billion worth of cryptocurrencies in the third quarter of 2021.
While blockchain-related hacks and scams continue to rise, the Ethereum ecosystem suffered from the most significant number of hack events and lost the most money during attacks, according to the report. The ecosystem suffered 20 hack events and lost over $800 million in Q3 2021. One of the most significant hacks was the Poly Network heist, in which the hacker stole $610 million from the cryptocurrency platform.
Cryptocurrency exchanges had five hack events in which they lost $114 million. A noteworthy hack happened to a Japanese cryptocurrency exchange, Liquid, as cybercriminals took away about $90 million worth of digital coins.
Other types of hacks and scams have accumulated 28 events, resulting in the loss of $193 million.
According to Atlas VPN, in the three quarters of 2021, there were more hack events than over the past three years — 146. While comparing more statistics from now and 2020, the Ethereum ecosystem and cryptocurrency exchanges remain the primary targets for hackers.
Related News
Latest Blogs
- Access Bank as a catalyst for change
- The case for EVs in Nigeria
- A call for non-judicial resolution of erroneous bank transfers
- Despatches from the US on democracy
- The 2024 U.S. election and Nigeria
Most Popular News
- Africa’s automobile sales to double by 2027, says IHS
- Artificial intelligence can help to reduce youth unemployment in Africa – ...
- Crude oil trades below benchmark price for Nigeria’s 2025 budget
- Services led global trade growth in 2024
- AI stock trade shifting beyond the 'Magnificent 7'
- Labour budget sparks interest in wealth transfer out of the UK – survey