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Crystal Blockchain’sCrypto Assets & Blockchain Industry Report 2022, a 15% increase in funds sent to the darknet from illicit sources in 2022. This report aims to help financial institutions, regulators, and customers to make informed decisions about managing cryptocurrency risk in the future.
Marina KaustovaThe CEO of Crystal Blockchain explained what the report was trying to cover. she said:
In our report, the Crystal Blockchain team provides an overview of the state of the digital asset industry in 2022, how it fits into the broader global landscape, and where the industry is headed in 2023 and beyond. We aim to
According to reports, 2022 saw a significant increase in the number of large-scale hacks, frauds, and other crimes involving crypto. This trend has led various authorities and regulators to take big steps towards regulating cryptocurrencies.
Cryptocurrency hackers will steal over $2 billion in 2022, and DeFi project exploits are on the rise. A blockchain tool provider has found his NFTs growing in popularity among lag-pull scammers as well. Overall, in the first half of 2022, he had more than $70 million stolen in rug pulls based on NFT projects.
crystal blockchain July Crypto Report found that DeFi hacking was the most dominant in the first half of 2022. Company analysis indicates that 154 illegal acts were committed at that time. 51% of them were related to his DeFi hack, which stole $1.934 million worth of cryptocurrency. Fraud cost him $132 million and security breaches cost him $77 million.
According to reports, approximately $14.5 billion in cryptocurrency was stolen between January 2011 and July 10, 2022. Crystal Blockchain also found that through 2021, the most common method used to steal crypto is to compromise crypto exchange security systems. Since then, DeFi hacking has become the fastest growing method used to steal cryptocurrencies.
In the first half of 2022 alone, funds stolen from the top 10 DeFi attacks surpassed $2.5 billion. The report predicts that crypto theft using this method will continue to rise, despite efforts by his DeFi companies to tighten security measures and combat hacks. The methods and techniques used by illegal hackers continue to grow in sophistication and sophistication. This ensures that crypto theft continues for the time being.
