Report: Hacking related to blockchain technology decreased during 2020

Analysts say that attacks on blockchain networks should continue to decline.

The number of hacking incidents involving crypto-currency and blockchain has been declining over the course of 2020, a new report says.

According to data analysed by the VPN provider, Atlas VPN, the number of hacks in the first half of 2020 has been reduced by more than three times compared to the same period in 2019. The data is part of a report published by Atlas VPN on 28 October.

According to Atlas VPN, 2019 was a record year for Crypto Superstar Review hackers who completed 94 successful attacks in the first half of the year, while in the first half of 2020 there were 31.

According to the report, during 2019 as a whole there were 133 successful attacks on blockchain networks.

Using historical data, Atlas VPN analysts suggested that blockchain hacks will continue to decline, they said:

“Since 2020 is not over, we can expect more blockchain-related breaches to occur before the end of the year. However, based on historical data, it appears that 2020 will not reach last year’s record heights, and blockchain hacks will continue to decline”.

According to the report, hackers have stolen $13.6 billion through 330 blockchain-related hacks since 2009. Atlas VPN found that attacks targeting decentralized EOS-based applications, or DApps, were the most successful in terms of number of violations. EOS DApps are followed by Ethereum’s crypto-currency exchanges, blockchain wallets and blockchain-based DApps, the report said.

As previously reported, the total volume of fraud and theft related to crypto currencies resulted in losses of $4.4 billion in 2019. By comparison, hackers stole about $1.7 billion through theft and crypto-cash scams in 2018.