Dragonfly Partner: Data shows an increase in brute-force attacks against the crypto community, with Western Europe and the Asia-Pacific region being t...
TL;DR
Dragonfly partner Haseeb reports a rise in brute-force attacks on crypto users, especially in Western Europe and Asia-Pacific. While attacks correlate with crypto market cap, current user risk is below historical highs, but security measures are advised.
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Odaily Odaily reports that Haseeb, a partner at Dragonfly, stated in an article on the X platform that, according to Jameson's brute-force attack database, the number of brute-force attacks against cryptocurrency users has been steadily increasing over time, and the severity of these attacks is also rising. Geographically, Western Europe and the Asia-Pacific region have seen the most significant increases in brute-force attacks, while North America, although experiencing an increase in absolute numbers, remains a relatively safe region.
Data analysis shows a positive correlation between the incidence of violent incidents and the total market capitalization of cryptocurrencies, with an R² of 0.45 in the regression analysis, meaning that 45% of the difference in violent incidents can be explained by price factors. However, if standardized by the number of Binance users or average wealth held per user, the current risk has not reached historical highs. The proportion of users attacked in 2015 and 2018 was actually higher than it is now. Nevertheless, the average attack rate per user has indeed seen a moderate rebound recently, reaching levels seen in 2021. Regarding security risks, Haseeb recommends that users take protective measures such as residing in buildings with 24-hour security, avoiding clothing with cryptocurrency logos, using PO Boxes for mail, separating hot and cold wallets, and avoiding publicly revealing their real-time location when attending meetings.