Two Groups Responsible For 60% Of All Crypto Exchange Hacks: Report (coindesk.com)
Two groups alone are responsible for a majority of hacks at cryptocurrency exchanges to date, new research suggests.
Chainalysis, a blockchain analysis software provider, published a report on Monday indicating that two “Prominent, professional” criminal groups are behind at least 60 percent of all publicly reported crypto exchange hacks, netting around $1 billion in total.
“On average, the hacks we traced from the two prominent hacking groups stole $90 million per hack. The hackers typically move stolen funds through a complex array of wallets and exchanges in an attempt to disguise the funds’ criminal origins,” according to the report.
Chainalysis analyzed the crypto transactions of the groups and found that Alpha quickly moves funds after stealing them, with an “Extremely high” average number of fund movements- one involved up to 15,000 transfers.
Back in October, another report from cybersecurity vendor Group-IB suggested that North Korea’s infamous hacking group, Lazarus, has alone managed to steal a massive $571 million in cryptocurrencies behind 14 hacks on crypto exchanges since January 2017.
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Related story: Localbitcoins Hacked. Threat Quickly Contained (ethereumworldnews.com)
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