October 8, 2024

2019 was a record year for the number of cryptocurrency thefts

2019 was a record year for the number of cryptocurrency thefts

According to Inside Bitcoins, approximately $11 billion in cryptocurrency has been stolen from exchanges since 2011. In the reportit was indicated that the main targets of the hackers were exchangers, wallets and mining platforms.

The biggest hack in cryptocurrency history everthere is still a theft of $ 6.5 billion in BTC from the Japanese exchanger Mt.Gox in 2014. It is worth noting that in 2011 the exchange was also hacked, at that time about $ 17.2 million in bitcoin was stolen from it.

In 2012, losses from hacking exchanges amounted to $ 1.2 billion, and in 2013 about $ 109 million.

According to Inside Bitcoin:

In the entire history of the blockchain, 2019 became a record year for the number of cryptocurrency thefts – at least 8 exchanges were hacked last year.

Despite the fact that the largest number of hacks were registered in 2019, in total about $104 million was stolen – quite a modest amount when compared with previous years. 

Let us recall that in November the Upbit exchange announcedstealing 342,000 ETH (about $48 million) from their wallets, promising to cover investors' losses. In addition, at the beginning of 2019, about $40 million in various digital assets was stolen from Binance.

Based on materialslondonlovesbusiness.com