
More Than $30 Billion Worth of Crypto Stolen in Hacks Since 2012
A recent report by SlowMist, a blockchain security firm, has unveiled that a staggering $30 billion worth of cryptocurrency has been hacked in 1,101 documented incidents from 2012 to the present. This amounts to approximately 2.5% of the total market capitalization of cryptocurrencies. The report highlights the top five most common types of hacks and sheds light on notable incidents, including the infamous Mt. Gox and Bitfinex hacks. SlowMist’s report identifies smart contract vulnerabilities, rug pulls, flash loan attacks, scams, and private key leaks as the most common types of hacks. Among the documented incidents, exchange hacks accounted for the