You are reading about: "Shocking Facts About Cryptocurrency Heists [Infographic]"
Reposted with permission
If there is one question in the history of Bitcoin that cannot be answered with anything more than an estimate, it is the problem of how much of Bitcoin’s supply is actually ever available on the market. How much is locked up in wallets with lost keys, and how much is set to cool off for a few years because it was stolen?
As for the stolen crypto, the estimates are somewhat easier to make than for the cryptocoins that are “burned” and never to be moved again. According to Jameson Lopp, over 35% of Bitcoin’s supply has changed its owner in a heist - an estimate that draws from data on known cryptocurrency thefts and hacks.
With some alternative cryptocurrencies that are focused on anonymity more than the pseudonymous Bitcoin, the statistics get even more mind-blowing. According to one study, over 4% of Monero’s total supply is currently held by cybercriminals and hackers. At the price level on the day of publishing, that corresponds to over 37 million USD.
It’s no wonder that through 2018, cryptojacking became the most popular way to monetize cyber exploits. Cryptojacking, or illicit crypto mining, is done particularly easily for Monero and similar cryptocurrencies that have mining optimized for some form of ASIC-resistance. The original aim of that was to allow for wider community participation in mining by making it less profitable to use special single-purpose integrated circuits rather than your everyday ordinary laptop or phone.
The unintended but now prevailing effect is that cybercriminals can easily monetize access to any kind of infrastructure that has some spare disk space and memory - that’s practically any laptop or phone, but the juiciest plunder are the corporate ones as these usually have more available resources.
With cryptojacking, the owners or maintainers of the infected device typically have no idea there is a miner operating, and more sophisticated cryptojacking campaigns have developed various optimizations to stay under foot for as long as possible.
There are new ways of how malwares spread developed every day and the baseline of the cheap commodity malware you can buy for a couple of bucks is becoming more advanced every day.
It is safe to say that the malware industry has fully integrated the use of cryptocurrencies and is currently the most thriving cryptocurrency application.
Data is beautiful
Blockchain Technology in Mobile App Market: State of the Industry 2020
Blockchain is currently at the top among the new trending technologies that came up in recent years. It is a remarkable innovation for our ever more digitalised world. Blockchain is mostly known as decentralized network,...
New Horizons in Fintech: Payments, Big Data and Partnerships [Infographic]
The global fintech market saw a period of consolidation in 2018, which is exactly what we saw also in terms of price evaluation of crypto assets. In spite of the “crypto winter”, which is apparently...
Brand development in forex and crypto: Most expensive domain names [Infographic]
Crypto infographics - Most expensive domain names in forex and crypto. Targeted brand development in forex and crypto with domain names.
Top 8 Women in Blockchain Tech [Infographic]
When it comes to women in crypto, the pre-2016 OG heads will probably come up with names like Alena Vranova and Blythe Masters. Alena Vranova is the former CEO of Satoshi Labs, the company that...
Infographic: Blockchain Technology, Ledgers, Blocks and the Role of Price
Blockchain technology 101: What is blockchain, what types of blockchains exist and what role does the cryptocurrency price play.
Infographic: The Good And The Bad Of ICOs
Infographic: The good and bad of ICOs - Which token sales raised the most money in 2018?
The Business of Esports: All The Numbers [Infographic]
Esports is a rapidly emerging category as a real sport. It’s even beginning to compete with traditional sports.
Shocking Facts About Cryptocurrency Heists [Infographic]
If there is one question in the history of Bitcoin that cannot be answered with anything more than an estimate, it is the problem of how much of Bitcoin’s supply is actually ever available on...
Comparing Forex Market with Crypto Markets [Infographic]
One of the few metrics that cryptocurrency markets have in common with the forex markets in 2018 is the high percentage of total trades being located on few most popular markets.
East vs. West: Which One Sides More With Blockchain?
Digital cash schemes were the holy grail of the late 90s, but since the bitcoin blockchain was invented, suddenly nobody in the West cares.
Blockchain Consortium in Trade Finance: 6 Notable Networks [Infographic]
The success of trade finance blockchain implementations depends on how widely they are adopted. That's why we have seen businesses form consortia based on similar interests.
Real-world companies that accept crypto payments [Infographic]
Infographic - Graphic map of businesses that let customers pay in bitcoin.
Infographic: Blockchain Hacks & Crypto Trading Platform heists 2018 vs 2017
Blockchain infographic comparing the biggest crypto heists of 2018 and 2017. In 2017 the focus lied more on ICOs, smart contracts and wallet.
15 crypto kings that are making history with their engagement in the field of cryptocurrencies
Coining The Bucks With Cryptocurrencies Have you ever wondered how much masters of the cryptocurrencies are worth? Like the guy who founded Ethereum, or the one who started Ripple, for example. The answer, in short,...
Industry News Releases
LocalCryptos, formerly known as LocalEthereum, is currently the most popular non-custodial p2p market for cryptocurrencies....Read >>
- Montenegro to embrace blockchain technology in efforts to join the EU
- The Global Hackaton (April, Los Angeles) comes with free tickets to Crypto Invest Summit
- Etheremon celebrating #ChineseNewYear2019 with a series of bounties (Ends 8:00 AM UTC on Feb 11th)
- Crypto Marble dApp Game: Monopoly on Blockchain
- The dApp gaming platform VX Network launched the official VX Wallet in Apple App Store and Google Play
- Etheremon's first Chinese New Year Campaign: Chance to recall two rare mons
Editor for all TDOU’s publications.
Also by Diana
Released on August 10, 2022 04:06:28 PM by Diana Read >>