{"id":54823,"date":"2021-12-16T18:22:43","date_gmt":"2021-12-16T16:22:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54823"},"modified":"2025-09-03T22:19:33","modified_gmt":"2025-09-03T19:19:33","slug":"crystal-blockchain-over-12-1-billion-in-losses-from-hackers-and-fraudsters-over-a-decade","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crystal-blockchain-over-12-1-billion-in-losses-from-hackers-and-fraudsters-over-a-decade\/","title":{"rendered":"Crystal Blockchain: Over $12.1 billion in losses from hackers and fraudsters over a decade"},"content":{"rendered":"<p>The total losses suffered by cryptocurrency platforms and their users from hackers and scammers surpassed $12 billion. That accounting was compiled by Crystal Blockchain analysts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">So far, $3.18 billion has been stolen as a result of security breaches, $7.12 billion has been stolen as a result of fraud and $1.76 billion has been lost to the <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\">#DeFi<\/a> sector \u2014 <a href=\"https:\/\/twitter.com\/CrystalPlatform?ref_src=twsrc%5Etfw\">@CrystalPlatform<\/a> data \ud83e\udd14 <a href=\"https:\/\/t.co\/Sgetd2QViG\">pic.twitter.com\/Sgetd2QViG<\/a><\/p>\n<p>\u2014 CIA Officer \ud83e\udd9e\ud83e\udd87\ud83d\udd0a (@officer_cia) <a href=\"https:\/\/twitter.com\/officer_cia\/status\/1471387295584595972?ref_src=twsrc%5Etfw\">December 16, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>From January 2011 to December 2021, analysts recorded 226 incidents.<\/p>\n<p>The year 2021 was the worst \u2014 76 cases ($4.25 billion). The largest losses were suffered by projects in the United States, the United Kingdom, South Korea, Japan and China. Projects from 43 countries were included in the sample.<\/p>\n<p>The most common methods were: breaching exchange security (120), hacking DeFi protocols (73) and fraudulent schemes (33). In monetary terms, losses amounted to $3.18 billion, $1.76 billion and $7.12 billion respectively.<\/p>\n<p>Fraud schemes Plus Token, Thodex and Wotoken topped the ranking of offenders. The creators of these pyramids siphoned off a total of $5.9 billion of client funds.<\/p>\n<p>The largest breach of security occurred at the Japanese exchange Mt. Gox in February 2014. The hackers siphoned off bitcoins worth $615 million at the prevailing rate.<\/p>\n<p>Not far behind was the Coincheck breach; in 2018 hackers withdrew $535 million in XEM tokens.\u00a0<\/p>\n<p>The largest DeFi incident involved the Poly Network project. 10 August 2021, an unknown <a href=\"https:\/\/u1f987.com\/en\/news\/hackers-stole-611-million-from-the-poly-network-cross-chain-protocol\">stole $614 million<\/a> in various cryptocurrencies.<\/p>\n<p>As reported, the hacker who later breached the cross-chain protocol transferred all stolen assets to the Poly Network team <a href=\"https:\/\/u1f987.com\/en\/news\/poly-network-hacker-returns-all-stolen-funds-except-usdt\">all stolen assets except $33 million in USDT<\/a>, which Tether froze after the attack. Subsequently, as part of an agreement with the stablecoin issuer, the attacker <a href=\"https:\/\/u1f987.com\/en\/news\/poly-network-hacker-returns-the-remaining-141-million\">returned the remaining assets<\/a>.<\/p>\n<p> Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total losses suffered by cryptocurrency platforms and their users from hackers and scammers surpassed $12 billion, according to Crystal Blockchain analysts.<\/p>\n","protected":false},"author":1,"featured_media":54824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1145],"class_list":["post-54823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=54823"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54823\/revisions"}],"predecessor-version":[{"id":54825,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54823\/revisions\/54825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/54824"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=54823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=54823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=54823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}