Study: Hackers stole over $100M from blockchain systems in Q1

Hackers stole $108.3 million in the first quarter of 2021 from users of various blockchain projects around the world, according to research from Atlas VPN, an information security company.

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Study: Hackers stole over $100M from blockchain systems in Q1 © Daily Management Review

In particular, cryptocurrency wallets and Ethereum blockchain exchanges were attacked the most.

Overall, there has been a 46% increase in the number of cyber-attacks on blockchain platforms compared to the same figure last year. Atlas VPN also estimated that the number of phishing sites rose to a record 2 million in a decade. Such sites typically steal usernames and passwords of victims.

Money was stolen in 81% of cases through ransomware. In total, over $1 trillion was stolen in 2020.

The majority of attacks (85%) originated in the US. A record 204.4 million attacks were recorded in the country on May 9, 2021, of which 174.5 million were from the US. source: atlasvpn.com

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