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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 mixer, or a decentralized finance protocol, within 46.74 hours. The longest delay, however, is the window between public disclosure and the attacker’s interaction with a laundering service, which averages 78.55 hours, suggesting that funds are often already on the move well before a hack becomes widely known. ‘No clear playbook here’ In total, Global Ledger’s researchers measured four key timelines across hundreds of incidents. The time from breach to fund movement, from breach to reporting, from breach to first entity interaction, and from public disclosure to laundering activity. Each lag also tells its own story. How fund movement speed varies by hack target | Source: Global Ledger Attacks targeting NFT projects, for example, show the slowest fund movements. On average, it takes 563.63 hours — or nearly 24 days — for funds from these exploits to move from the first to the last known entity in the laundering chain. That’s more than double the average lag seen in centralized exchange-related hacks, which clock in at around 425 hours. Global Ledger co-founder and CEO Lex Fisun told crypto.news in an exclusive commentary that the long delay — in case…

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Filed under: News - @ May 12, 2025 11:22 pm