Dune, a leading crypto analytics platform, has unveiled a comprehensive dashboard that maps the scope of cryptocurrency-related cybercrime, documenting over 5,500 incidents of hacking, exploitation, and phishing scams across the blockchain ecosystem. The 'Hacks, Exploits and Social Engineering Dashboard' represents a significant effort to quantify crime in the crypto space. By tracing an estimated $2.5 billion in stolen funds from blockchain users since 2016, the tool draws from sources such as Scamsniffer and Forta Network to compile an extensive dataset on fraud. Dune aims to bring transparency and open data access to the crypto community, including industry insiders and general users, by transforming complex blockchain data into accessible and interactive dashboards.
According to Hannah Curtis, Dune's director of product, 'We want to make data accessible and open to the community.' The dashboard is designed to not only reveal the scale of blockchain crime but also allow users to track the movement of stolen assets openly, setting it apart from proprietary tools with its fully open-access approach. A notable feature of the dashboard is its funds flow analysis, which reveals the endpoints of stolen funds.
Predictably, platforms like Tornado Cash, a crypto mixer sanctioned by U.S. authorities, emerge as major recipients of these funds, alongside decentralized finance (DeFi) protocols such as Sushi, Yearn, and Uniswap. Curtis notes that the dashboard's data likely underestimates the full scope of crypto crime, representing a 'lower bound' of lost funds. Nonetheless, the comprehensive repository provides blockchain investigators with new insights into the channels through which stolen funds are laundered.
As Curtis points out, '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 being used for that activity.'