Nearly Half of Stolen Crypto Remains Unspent, Highlighting Recovery Opportunities
Blockchain intelligence firm Global Ledger reveals that approximately 46% of hacked cryptocurrency funds remain idle on-chain, presenting potential avenues for post-theft recovery. The findings stem from an analysis of hundreds of on-chain incidents, underscoring the inefficiency of hackers in laundering stolen assets.
Hackers typically MOVE stolen funds to initial destinations—exchanges, mixers, or decentralized platforms—within 43.83 hours on average, often before the breach is publicly disclosed. This rapid movement contrasts with the slower response times of victim projects and investigators, highlighting a critical gap in incident response protocols.
The report identifies no clear playbook for fund recovery, emphasizing the need for improved cross-chain tracing capabilities as attackers grow more sophisticated. Despite the challenges, the dormant nature of nearly half the stolen crypto suggests untapped potential for asset recovery efforts.