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Over $30 Billion Lost to Blockchain Hacks, Reveals SlowMist Hack Stats

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Over $30 Billion Lost to Blockchain Hacks, Reveals SlowMist Hack Stats

Source: blockchain.news

According to research by SlowMist Hacked Statistics, the total amount of money that has been stolen from blockchains stands at a staggering $30,011,604,576.24. This information is a startling surprise.

The data, which covers a total of 1,101 hacking incidents, highlights growing concerns about industry security such as blockchain and CRYPTOCURRENCIES continue to gain popularity.

The study includes an exhaustive analysis of the losses by category, showing the sectors that have been most affected by the aforementioned security breaches.

The Exchange category is at the top of the list with 118 occurrences that resulted in losses of nearly $10.95 billion.

It is followed by the ETH ecosystem, which has had 217 occurrences and losses totaling over $3.12 billion over the duration of its existence.

Events 162 and 184, respectively, have resulted in significant losses for both the BSC Ecosystem and the Others category. Losses from both incidents totaled about $10.95 billion and $1.45 billion, respectively.

It is noteworthy to note that these security vulnerabilities have not spared the burgeoning NFT business.

The survey found that there were 85 cases in this category, resulting in losses of around $200 million.

These findings also shed light on vulnerabilities that exist among a variety of blockchain ecosystems.

For example, the EOS ecosystem has been subject to 119 incidents, which ultimately resulted in losses of around $25.9 million.

This research provides a stark reminder of the security challenges facing the blockchain and cryptocurrency industry and acts as an excellent resource for doing so.

The need to implement comprehensive security policies and procedures will only increase as the industry continues to grow and develop.

The numbers raise concerns, but they also provide an opportunity for information security companies that focus on blockchain and cryptocurrency technologies.

As the industry strives to address the security concerns that have been highlighted, the demand for more advanced security solutions is expected to increase. This will provide new possibilities for growth and innovation in the area of ​​cybersecurity.

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