Saturday, January 28, 2023
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory
  • Login
  • Register
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
No Result
View All Result

Home > Cybersecurity > Crypto hackers stole almost $2 billion in H1 2022

Crypto hackers stole almost $2 billion in H1 2022

Cybercriminals continue to make billions by targeting various crypto projects, Atlas VPN's data shows.


Julide Gamze Cecen Julide Gamze Cecen
July 6, 2022
2 min read
Crypto hackers stole almost $2 billion in H1 2022

The interest in cryptocurrencies is diminishing worldwide; the NFTs market is dwindling, and Bitcoin is experiencing the biggest price drop in 11 years. Yet, cybercriminals continue to make billions by targeting various crypto projects.

$1.97B was looted from 175 crypto project hacks

According to the data analyzed by the Atlas VPN team, based on the numbers provided by Slowmist Hacked, cybercriminals looted $1.97 billion from 175 crypto project hacks in the first half of 2022. The Ethereum ecosystem suffered the most, with more than $1 billion stolen in 32 events.

Monetary losses were calculated based on the conversion rate of a particular cryptocurrency at the time of a hack or scam event. The Solana ecosystem occupies the second spot on the list. Cybercriminals stole $383.9 million from Solana-related projects in only 5 events.

Crypto hackers stole almost $2 billion in H1 2022

Next up is the Binance Smart Chain (BSC) ecosystem, with $141.4 million in losses. In total, the BSC ecosystem faced 47 hack and scam events in the first half of this year; more than any other crypto project. Meanwhile, non-fungible token (NFT) projects earned cybercriminals $84.6 million in 45 events, while the Fantom ecosystem brought in $54.8 million in 8 events.

If we compare this year and last year’s numbers, cybercrime numbers affecting crypto projects rose by 94%, from 90 in H1 2021 to 175 in H1 2022. Q1 of 2022 saw 79 cybercrime events; 108% more than Q1 2021 with 38 events. In the meantime, Q2 of 2022 had 96 cybercrime events, an 85% rise from 52 in Q2 2021. Overall, cybercrime events increased by over a fifth (22%) from the first quarter of this year to the second.

See more Cybersecurity News


Tags: Atlas VPN
Julide Gamze Cecen

Julide Gamze Cecen

Julide Gamze Cecen is the multimedia editor of the Cloud7 News. Julide is a solid Linux user, opensource and cybersecurity enthusiast and a front-end web application developer.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Next Post
US Department of Defense is inviting hackers to assist in strengthening its security systems

US Department of Defense launches Hack U.S. bug bounty program

Related News

Thoma Bravo to acquire Magnet Forensics

Thoma Bravo to acquire Magnet Forensics

January 26, 2023 1:10 pm
LastPass faces yet another security incident

LastPass publishes an update on the November 2022 security incident

January 25, 2023 6:35 pm
VMware vRealize updates addressing security flaws

VMware fixes critical vRealize Log Insight security flaws

January 25, 2023 3:30 pm
Riot Games faces security breach

Riot Games faces a security breach

January 25, 2023 2:15 pm
Get free daily newsletters from Cloud7 News Get the Cloud7 Newsletter
Select list(s):

Check your inbox or spam folder to confirm your subscription.

By subscribing, you agree to our
Copyright Policy and Privacy Policy

Get the free newsletter

Subscribe to receive the latest IT business updates straight to your inbox.

Select list(s):

Check your inbox or spam folder to confirm your subscription.

Editor's Choice

What’s new in Linux kernel 6.2 rc5?

10 Best Web Hosting Services of 2023

Ubuntu 22.04 LTS is available for download. What is new?

CERN and Fermilab recommend AlmaLinux

7 best hosting control panels of 2023

How to update Linux Kernel without rebooting?

7 best Linux mail servers of 2023

7 best cPanel alternatives for 2023

7 best Linux web browsers for 2023

7 best CentOS alternatives

7 best Linux server distros of 2023

Interview with Igor Seletskiy on AlmaLinux

How to create a VM and install a Linux distro on VMware Workstation

Recent News

  • Cloud7 Expert Series: Emre Baran from Cerbos
  • How to connect to the local network on a virtual machine
  • [Event] PlatformCon 2023
  • GNOME 44 Alpha is out now
  • [Event] GUADEC 2023 Conference

Cloud7 News
Cloud7 is a news source that publishes the latest news, reviews, comparisons, opinions, and exclusive interviews to help tech users of high-experience levels in the IT industry.

EXPLORE

  • Web Hosting
  • Cloud Computing
  • Data Center
  • Cybersecurity
  • Linux
  • Network/Internet
  • Software
  • Hardware
  • How-Tos
  • Troubleshooting

RESOURCES

  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

Get the Cloud7 Newsletter

Get FREE daily newsletters from Cloud7 delivering the latest news and reviews.

  • About
  • Privacy & Policy
  • Copyright Policy
  • Contact

© 2022, Cloud7 News. All rights reserved.

No Result
View All Result
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

© 2022, Cloud7 News. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.