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$3.9 Billion Lost in Crypto Industry in 2022: Immunefi Report

Cryptocurrency hacks accounted for 95.6% of losses in the industry, according to a report by Immunefi, a bug bounty, and security services platform.

Bitcoin Logo
Bitcoin Logo 

The report found that decentralized finance (DeFi) was the most targeted sector, suffering 80.5% losses. The most targeted chains were BNB and Ethereum, with BNB surpassing Ethereum in 2022. The industry suffered losses of approximately $1.6 billion in Q4 2022, with DeFi being the main target at 57.6% and CeFi at 42.4%.

December DeFi Exploits Lowest in 2022: CertiK

According to on-chain monitoring and bug bounty company, CertiK, December DeFi exploits were the lowest in 2022. Despite this, cybersecurity experts warn that the ecosystem will not see a decrease in exploits, flash loans, or exit scams in 2023. In December 2022, $62 million worth of funds were stolen from DeFi protocols.