The crypto sector lost $3.78 billion in 2022 to 303 blockchain-related security incidents. This is 61% less than his $9.8 billion recorded in 2021. report Made by Slow Mist.
Although the number of hacking incidents has increased steadily since 2020, the total losses from these attacks were lowest in 2022. There were 123 hacking incidents in 2020 costing us $4.31 billion. This is 13.9% above his $3.78 billion in 2022.
303 hack
The numbers reveal that most of these hacking incidents were experienced by DeFi, cross-chain bridges, and NFT ecosystems.
Over the course of the year, 225 hacking events hit the DeFi, cross-chain bridge, and NFT ecosystems, accounting for over 84% of all hacks. Crypto wallets came in second with a total of 11 hacking attacks, while the exchange came in third with his 10 hacking incidents.
Bridges, DeFi, NFTs
The report also delves into 225 hacks in DeFi, cross-chain bridges and NFT ecosystems.
DeFi
In 2022, 172 hacking incidents targeting DeFi projects were recorded. Protocols built on the BNB chain have been the hottest target for hackers. Chain has been hit by 79 different hacking incidents, costing him $785 million in total.
The second hottest target was the Ethereum (ETH) blockchain. The DeFi project he built on the ETH blockchain, he lost $528 million in 50 different hacking incidents.
cross chain bridge
According to the report, there were 10 attacks against cross-chain bridges in 2022. The most costly attack against a cross-chain bridge was the Ronin Network attack on March 29, 2022, costing $610 million.
Solana’s attack on Wormhole Bridge was placed second. The attack took place on February 2, 2022, and the hackers stole $326 million from him.
NFTs
There were 56 hacking incidents in the NFT ecosystem, resulting in a total loss of over $65.44 million.
The majority of these incidents were phishing attacks. A total of 22 phishing attacks were recorded throughout the year, accounting for about 39% of his NFT field attacks.
Rug Pulls came in second, accounting for about 21% of the 12 incidents recorded. On the other hand, 17 hacks exploiting contract vulnerabilities accounted for 30%, which was a close second.