Crypto analytics platform Dune has recently launched a new dashboard to track the $2.5 billion lost to crypto hacks and phishing scams since 2016. This dashboard, named the “Hacks, Exploits and Social Engineering Dashboard,” has documented over 5,500 incidents of cybercrime in the blockchain ecosystem, making it one of the most comprehensive tools available to quantify crime in the crypto industry.
Drawing information from sources like Scamsniffer and Forta Network, Dune aims to provide transparency and open data access to anyone interested in understanding crypto crime patterns. The director of product at Dune, Hannah Curtis, highlighted the platform’s goal of making data accessible to the community. Unlike many other tools, Dune’s dashboard is fully open-access, allowing users to examine the data sources and methodology used.
One of the notable features of the dashboard is its funds flow analysis, which reveals where stolen assets end up after being taken from victims. Interestingly, platforms like Tornado Cash and decentralized finance protocols such as Sushi, Yearn, and Uniswap are identified as major endpoints for laundered assets.
Curtis mentioned that while the dashboard provides valuable insights, it likely underestimates the full extent of crypto crime, serving as a “lower bound” of funds lost. Nevertheless, the repository offers blockchain investigators new perspectives on how stolen funds are moved through different channels.
As scammers attempt to cash out or launder their illicit gains, exchanges are keen on monitoring such activities to prevent their platforms from being misused. By tracking the movement of stolen assets openly, Dune’s dashboard equips industry insiders and general users with the tools to identify suspicious transactions and potential illicit activities within the blockchain ecosystem.
With the increasing adoption of cryptocurrencies and blockchain technology, the need for robust tools to combat cybercrime and protect users’ assets has become more critical. Dune’s initiative to create a comprehensive dashboard for monitoring crypto-related cybercrime sets a significant precedent in the industry, emphasizing the importance of transparency and data accessibility in safeguarding the integrity of digital assets.