Two hacker groups responsible for 60 percent of all publicly reported hacks
New research by Chainalysis indicates that two hacker groups, dubbed Alpha and Beta, are behind a significant majority (60%) of all reported hacks of cryptocurrency exchanges. The total amount of cryptocurrency stolen by Alpha and Beta is worth about $1 billion.
Chainalysis describes Alpha as “a giant, tightly controlled organization at least partly driven by non-monetary goals,” while Beta is a “less organized and smaller organization absolutely focused on the money.” The two groups have managed to steal around $90 million per hack on average. After each attack, the hackers attempt to launder the stolen funds by transferring it no less than 5,000 times between numerous wallets and exchanges.