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Cryptocurrencies worth over $1 billion lost to hackers in Q3 2021
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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.
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