The amount stolen in crypto attacks since 2011 has reached $19 billion

According to Crystal Intelligence’s report, approximately $19 billion worth of cryptocurrency has been stolen in attacks since 2011, and the department continues to struggle with blockchain-related crimes.

The report highlights 785 incidents of crypto theft, consisting of 220 security breaches, 345 decentralized finance (DeFi) attacks, and 220 fraud schemes.

The largest theft occurred in 2019, when $2.9 billion was stolen in connection with the Plus Token Ponzi scheme. Crypto crimes have continued to increase since then. In fact, 2023 is breaking records for the volume of crypto thefts, with 286 incidents totaling more than $2.3 billion.

In the report, “Despite improved and improved monitoring and reporting mechanisms, illegal activity on the blockchain has continued to increase.”The lyrics are included.

Ethereum 1 goal, with 131 incidents totaling nearly $1.3 billion in the last two years. The network is followed by Binance Smart Chain (BSC), which has been attacked 100 times for over $186 million.

The report covers all attacks until March 2024.

This article was first published on CoinDesk Türkiye.