30s Summary

Dune, a crypto analytics platform, has introduced a dashboard that tracks cryptocurrency-related cybercrimes. The “Hacks, Exploits and Social Engineering Dashboard” has reported over 5,500 incidents and registered blockchain-related thefts totalling $2.5 billion since 2016. Intended for use by both industry insiders and regular users, the dashboard reveals the movement of stolen assets and offers a funds flow analysis showing where stolen funds ended up. Hannah Curtis, Dune’s director of product, said that the dashboard probably underestimates the extent of crypto crime.

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Dune, a crypto analytics platform, has just unveiled a cool new feature. They’ve rolled out a dashboard that tracks crypto-related cybercrimes. This includes everything from hacks to scams. Over 5,500 incidents have been documented so far all across the blockchain realm.

This dashboard, named “Hacks, Exploits and Social Engineering Dashboard”, is a big deal. It offers one of the most extensive attempts to track crime in the world of blockchain.

Want to guess how much has been stolen from blockchain users since 2016? According to the dashboard, it’s a whopping $2.5 billion! That’s a lot of money, huh? This is estimated using data from places like Scamsniffer and Forta Network. The dashboard provides one of the biggest sets of data on fraud in the industry.

What’s the goal of all this? Dune wants to make this data available to everyone. It’s not just for industry insiders. Regular users like you and me can use it too. The idea is to make the data easily accessible and open. Hannah Curtis, Dune’s director of product, said,

The dashboard is designed to show the scale of the crime and to allow anyone to trace the movement of stolen assets openly. Unlike many tools like this, Dune’s platform is completely open-access. This means users can examine both the source and the methodology of the data.

One cool feature of the new dashboard is its funds flow analysis. With this, you can see where the stolen funds ended up. Unsurprisingly, the crypto mixer, Tornado Cash, features heavily here. But did you know Decentralized Finance (DeFi) protocols like Sushi, Yearn, and Uniswap were also high on the list for places where laundered assets ended up?

According to Curtis, the dashboard’s data likely underestimates the full scope of crypto crime. However, it still provides great insight into how stolen funds are moved through various channels.

“If a scammer is trying to move their ill-gotten gains and cash out or launder their funds — then that’s something that I know exchanges want to watch for, making sure their platforms are not, you know, being used for that activity,” Curtis added.