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Bitcoin hackers steal $ 24 million in 2020


We know that hackers have managed to steal a lot of money in cryptocurrencies. However, what if I tell you that Bitcoin hackers have stolen $ 24 million in the first few months of 2020 alone?

Computer hacking, a lucrative activity?

Obviously, hacking has turned out to be an activity that can extract significant amounts of money. But this does not only happen through cryptocurrencies.

In the crypto community many times different hacks are reported in different crypto exchanges or wallets where they manage to get hold of a significant amount of Bitcoin or another cryptocurrency.

But, there was no consolidated information regarding all the Bitcoin thefts that have occurred. That is why Whale Alert, the Twitter bot, decided to work with Scam Alert with the aim of producing a new report with the aim of tracking computer crimes.

In this sense, on July 10 they published through Medium a report titled “Chasing Crypto Criminals” and today we will tell you about it.

Has 2020 also been a bad year for Bitcoin?

Basically Whale Alert along with Scam Alert worked to collect all the available information and came to the following conclusion: Crypto crimes are lucrative.

In this sense, the information collected found that in the last 4 years 38 million US dollars have been stolen only with the activity of Bitcoin scammers. Something important is that they did not consider Ponzi schemes, a billion dollar industry.

But, what if I tell you that of the total stolen in the last 4 years, 63% was extracted in the first 6 months of 2020?

$ 24 million stolen in 2020

The report found that $ 24 million in Bitcoin was stolen by hackers during the first 6 months of 2020.

In fact, Whale Alert emphasizes that some of the most successful scams made more than $ 130,000 in a single day.

“The scam market is characterized by high profits, no taxes, minimal effort and zero risk and by the end of 2020 we predict that it will have grown more than twenty times since 2017 to an annual income of at least 50 million US dollars.The report noted.

Graph offered by the Whale Alert report where we see the exponential growth of crypto thefts in 2020. Bitcoin hackers 2020
Graph offered by the Whale Alert report where we see the exponential growth of crypto thefts in 2020.

Obviously these figures are worrying, especially since they generate incentives within the criminal industry to continue expanding and becoming stronger.

This growth of the criminal industry that affects cryptocurrencies has a significant impact on people’s lives.

However, it is a situation that not only involves Bitcoin and other cryptocurrencies, but hackers go for any kind of money.

The main mechanism criminals take advantage of to get hold of your funds is your innocence. Many of the hackers manage to convince and trick you into giving them your money.

In this sense, the report proposes that crypto exchanges are the gateways between the fiat world and cryptocurrencies. Therefore, “They should actively educate newcomers about the dangers in blockchain and prevent them from sending anything to known or suspicious scam addresses.”

In this world full of Bitcoin hackers, you have to be suspicious and always doubt. We must always stay safe!

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