According to Crystal Blockchain's study, approximately $16.7 billion in crypto assets have been stolen since 2011.
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance . According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 billion in crypto assets.
According to Crystal’s intelligence report, 231 defi hacks, 135 security attacks, and 95 fraudulent schemes were reported during this period. Defi hacks ranked second in terms of value, with $4.81 billion stolen, while scams resulted in more than $7.5 billion in stolen crypto assets. Crystal researchers state that until 2021, the most popular attacks were against crypto-exchange security systems, but since then, attackers have shifted to decentralized finance hacks. Currently, Crystal reports that centralized exchange hacks cause the least amount of financial damage. “In 2022, the ratio of cex versus [decentralized exchange ] hacks was as high as 1:13,” note Crystal’s researchers.
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