Blockchain hackers stole nearly $700 million in Q1 2022

Despite the cryptocurrency price slump at the start of the year, cybercriminals were not resting at all. Attacks on various crypto projects and ecosystems brought millions of dollars to hackers and scammers.

According to the recent findings by the Atlas VPN team, blockchain hackers stole $682 million in 72 hack events throughout Q1 2022. In addition, hacks on Solana and Binance Smart Chain ecosystems attributed to more than half of the losses during this quarter.

The data is based on the numbers provided by Slowmist Hacked, which collects information about disclosed attacks against blockchain projects. Monetary losses were calculated based on the conversion rate of a particular cryptocurrency at the time of a hack or scam event.

atlasvpn.com/blog/blockchain-hackers-stole-nearly-700-million-in-q1-2022