Bitcoin · Bitcoin Magazine
New analysis of Bitcoin theft logs shows that stolen funds overwhelmingly came from long-dormant wallets
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Data posted on X from Galaxy Research’s Alex Thorn looked at 250 victim reports and found the typical stolen coin had sat untouched for 3.5 years, and a striking 88% of pilfered funds were at least a year old.
Key facts
- The amount of Bitcoin stolen has been confirmed at $111 million, but is likely much higher, and could stand at over $130 million
- Data posted on X from Galaxy Research’s Alex Thorn looked at 250 victim reports and found the typical stolen coin had sat untouched for 3.5 years, and a striking 88% of pilfered funds were at least
- By address, losses ranged from a median of 0.014 Bitcoin to a mean of 0.212 Bitcoin, while individual victims reported a median loss of 1.022 Bitcoin and an average of 4.04 Bitcoin, with one unlucky
- Hackers started by taking over $35 million in Bitcoin from wallets last week Thursday
Summary
The amount of Bitcoin stolen has been confirmed at $111 million, but is likely much higher, and could stand at over $130 million. New analysis of Bitcoin theft reports reveals that stolen funds overwhelmingly came from long-dormant wallets, with victims reporting a median loss of over one coin. By address, losses ranged from a median of 0.014 Bitcoin to a mean of 0.212 Bitcoin, while individual victims reported a median loss of 1.022 Bitcoin and an average of 4.04 Bitcoin, with one unlucky holder losing as much as 58.97 coins. Hackers started by taking over $35 million in Bitcoin from wallets last week Thursday.