blockchain related hacks seems decreasing

Blockchain-Related Hacks Seems Decreasing

A new report from a VPN service provider called “Atlas VPN” claims that blockchain-related hacks have been decreased over the year 2020.

Well, according to their data analysis, the number of hacks in the first half of 2020 dropped more than three times compared to the first half of 2019. How did this happen? Wait, I will be getting into that point. But first, here’s the report from Atlas VPN.

Blockchain-Related Hacks Seems Decreasing

As you can see, there is more than 3x decrement. It is good actually. 94 successful attacks in the first half of 2019 while 31 successful attacks in the same period of 2020.

Why The Hacks Have Been Decreased?

Before getting into that, let’s find out where were that successful attacks happened. Atlas VPN also released a report for that. According to that report, there is some major money loss in cryptocurrency exchanges and wallets.

Blockchain-Hacks money loss

But the hacking events wise, things different. Take a look at this.

hacking events

There are somethings we can figure out. Seems like there are more attacks on EOS decentralized applications than exchanges or wallets. Besides, what is the most important thing to avoid hacks?

The security. Considering these charts, we could say wallets are safer than exchanges. Since the successful hacker attacks decreased this year, I think the security features on blockchain-related platforms are increased over time.

That’s good news.

However, 2019 was a record year for blockchain attackers. There is a total of 133 successful breaches in 2019. But Altas VPN analysis records have a different vision on blockchain attacks in 2020.

Since 2020 is not over, we can expect more blockchain-related breaches to happen before the end of the year. Nevertheless, based on the historical data, it seems that 2020 will not reach the record heights of last year, and blockchain hacks will remain on the decline.

What’s your idea on Blockchain-related hacks? Leave them down in the comments.

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