Immunefi: Losses from hacks and frauds amounted to $3.9 billion in 2022

Cryptocurrency security firm Immunefi reported that 2022 was the biggest year in terms of total digital asset hacks and fraud.

According to Immunefi, $3.9 billion worth of assets were stolen in total, with the bulk of $2.36 billion stolen in just 5 hacks. In the total amount of stolen funds, the vast majority was stolen by hackers – 95.6%. Scams, rug pull schemes and other similar scams account for only 4.4% of lost funds.

In total, 134 hacks were recorded in 2022, which is 22 incidents more than in 2021. Hackers continue to attack decentralized finance projects – the DeFi industry lost $3.18 billion, which is 56.2% more than in 2021. Thus, the DeFi sphere lost 80.5% of the total amount of funds.

Most often, hackers attacked projects on BNB Chain and Ethereum – 63.3% of the funds were stolen from platforms on these blockchains. The BNB Chain network recorded 65 incidents, and projects on Ethereum were hacked 49 times. Interestingly, only 5.2% of the total funds, that is, $204 million, were returned. The largest hacks of 2022 were attacks on the Ronin Network gateway bridge ($625 million) and the FTX exchange (from $370 million to $400 million).

Earlier, CertiK analysts warned that 2023 will be no less difficult in terms of cryptocurrency hacks and fraud – the methods have already been worked out, and the market is now in a vulnerable position.

Source: Bits

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