Analysts: in the past year the ICO has stolen every dollar of the fourteenth

The Initial placement of tokens is risky. Last year the output of ICO on nearly half of all projects. The hackers and scammers their piece of the pie missed. According to Positive Technologies, in 2017, was stolen about 7 percent are involved for the ICO funds.

Statistics risk ICO-projects

Analysts shared the results of the study in the report, reports . The staff began with the good news.

The Volume of investments attracted with ICO in 2017, over 5 billion dollars. Most profitable projects brought to their companies 883,4 million dollars (EOS), to $ 257 million (Filecoin) and 232 million (Tezos).

But I remembered wrong.

But in addition to capital, the ICO also drew intruders. According to various reports, in 2017, through the ICO had stolen about $ 300 million, which accounted for about 7% of all earned this year for the ICO funds.

The Most popular way of fraud — gaining control over ICO platform and substitution of addresses of cryptocurrency wallets.

To do this, they used vulnerabilities in web applications, staging attacks on the organizers (for example, access to email, and then restored the passwords from a domain or hosting). In addition, the attacks on ICO often used phishing to investors (for example, created fake websites or sent emails about the change of contacts of the organizers and the wallet to raise funds) and to find errors in the code of smart contracts.

Experts predict more attacks on projects this year. However, the percentage of losses can be reduced.

If to the company prior to the holding of ICO will pay more attention to security issues and to seek expert analysis of the smart contracts and the comprehensive protection of infrastructure, the damage from cyber attacks will be significantly lower.

We Recall the main ICO this year is the draft of the Telegram. The team Durova the probability of failure from a public sale of tokens.