Weekly E-mails:  Crypto Trading Strategy 5 Weeks of Onboarding Reads. Latest Airdrops (Thu 7 AM EST). Or all of it.

Dismiss   Pick Your Preference
This site uses cookies (More).

 

Shocking Facts About Cryptocurrency Heists [Infographics] - #CryptoTrading

Cryptojacking, ICO exits, scams, malware and thefts - outrageous amounts of cryptos have changed hands through illicit activity.
  .  Published  · By Business Of Crypto  · Guest post by Business Of Crypto

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.

 

Last added to Crypto Airdrops, Bounties & Opportunities
Name Date How to access Official URL Additional Info
New non-custodial anonymous peer-to-peer Bitcoin trading Opened 19 Nov 2019 If you miss the heyday of LocalBitcoins where anyone could buy BTC locally for cash (which has been banned since this summer) and anonymously (now site-wide KYC is required, plus allegedly LocalBitcoins have been working with three-letter agencies), since 19th November you have the chance to go back in time and buy your corn without ID again - at least for some time. You know that good things like this don't last ... The former ETH marketplace LocalEthereum rebranded to LocalCryptos and offers local and anonymous BTC trading with fully automated escrow that is built natively on BTC blockchain - because bitcoin's smart contract scripting capabilities are good enough for simple stuff like escrows. You can even import your vendor reputation from LocalBitcoins. The reputation import is done via adding a unique code to your LBC profile page, not by linking anything directly, but still in case you like your privacy it's probably only a good idea id you never ID'd on LocalBitcoins. details make acct
Cloudbet Turbo Thursday Reload Bonus Every Thursday between 05:00-23:59 UTC Make a deposit of 0.1 mBTC or more today, Cloudbet gives you a 100% Reload Bonus of up to 50 mBTC/1 BCH. Remember you must activate the bonus in your player dashboard before making a deposit for the bonus to be credited! The bonus is only available for the Casino, not the Sportsbook. details make acct
POOL-X exchange listing promo Daily until listing POL has a random twitter draw of users who post a POOL-X graphic design every day until their token listing on the KuCoin exchange. You need to sign up via Google form and have a KuCoin account. form make acct
Verasity New Triviata Competition November 5 at 00:00 UTC - November 20th 00:00 UTC Verasity is a token-based platform for the attention economy. They always engaged a lot with the community and organized several airdrop and competition campaigns so far. The current two-week campaign relates to the Triviata app (iOS/Android). Sign up and enable your game participation in the app profile, and you get the chance of winning prizes with 4000 USD in total. Even if you don't win though, participating will earn you tokens that can be staked in the official wallet for over 30% yearly earnings. join about
Bethereum Price Pool on VK November 2019 There are regular competitions with the total pool of prizes worth 40K Bether if you join the gaming platform's VK channel. details make acct
Brave New Coin Challenge Until the end of the year The crypto market data provider is giving away small amount of their tokens if you add people to their telegram group. register telegram
FanEspo Big Competition (ERC20) All the time Fanespo is launching a new promotion contest worth $500 in FAN tokens. Details will pop up on you when you sign up on site. Overall, the eSports platform FanEspo is giving away the total of $1.6 million of tokens in contests. You need to have a FanEspo account. details make acct
Atomars Opportunity Launch promo There is a new altcoin axchange launched that now offers zero-fee trading, and possibly thinner markets for the market makers around. details make acct
Keybase Stellar Lumens Drop 11 September 2019 & Onwards The Keybase team announced a surprise airdrop worth 21 USD in XLM to all account holders who ever installed the Keybase app. To get the Lumens, you need to sign in again and claim them - you should have received a bot message with instructions. Keybase has been funded by the Stellar Developer Foundation for years and so this collab is not a one-off. You can choose to keep participating in the Lumens airdrop by using Keybase, the total dollar worth each user can get is 500 USD. New accounts can still participate as long as they have a Github or HackerNews account created before 9 September 2019. more join
BlockWage Airdrops + Bounties Recurring Platform for freelancers marketplace. Airdrops randomly announced via Discord, there's also the possibility of Masternodes. join web
Vaultoro Token Launch Promo September 2019 The crypto-gold exchange Vaultoro has been around for years, getting attention in the 2015 bear market and tagging along through the subsequent bull run. They are now launching their own exchange token which you can get for free if you don't have an account yet. Every new sign up with basic ID verification gets 200 VAULT tokens. homepage make acct