March 28, 2024

Crypto scammers stole $ 1.9 billion in 2020

Crypto scammers stole $ 1.9 billion in 2020

Losses from thefts, hacks and cryptocurrency fraud in 2020 amounted to $1.9 billion – by 57%less than last year.

Data published by the analyst companyCipherTrace show that hacking losses decreased significantly in the past year compared to 2019. Hackers' revenues in 2020 amounted to only $ 1.9 billion, and in 2019 more than $ 4 billion.

DeFi platforms have become a lucrative target for crypto hackers in 2020 due to their low level of security.

Among the most common crimes, the company lists fraud, burglary and ransomware.

In addition, the attackers used blackmail, fake cryptocurrency mixers and phishing.

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