Nearly half of stolen crypto remains unspent, data shows
Roughly 46% of hacked funds sit idle on-chain, suggesting opportunities for post-incident recovery, analysts at Global Ledger say.
Hackers are quick, but the systems chasing them are still catching up. A new report by blockchain intelligence firm Global Ledger, based on hundreds of on-chain incidents, shows that in many cases, stolen funds land at laundering destinations before the hack is even publicly disclosed.
On average, it takes 43.83 hours from the initial on-chain breach until the incident is reported by either the victim project or a third-party investigator, per the report shared with crypto.news. Hackers, meanwhile, tend to move stolen funds to the first identified entity, such as an exchange, a crypto…
