Yearly Overview: The Staggering Losses in Cryptocurrency
2022 was a tumultuous year for the cryptocurrency community, as reported by Immunefi on January 6. The total losses reached an eye-watering $3.9 billion, primarily due to security breaches and scams. If you think your last shopping spree was bad, well, try comparing it to this financial black hole!
The Data Speaks: Hacks vs. Scams
According to Immunefi’s data, a staggering 95.6% of these losses were attributed to hacks, with the remaining 4.4% due to fraud, scams, and those infamous rug pulls. Picture this: it’s like the bad guys raiding a vault while everyone else is busy trying to sell lemonade.
DeFi Takes the Hit: A Sector in Crisis
Decentralized Finance (DeFi) was the primary target, suffering around $3.18 billion in losses across 155 incidents, marking a significant leap of 56.2% compared to 2021. Centralized Finance (CeFi) had a much smaller slice of the loss pie at 19.5%. The facts really draw a clear picture: DeFi is like that one kid on the playground everyone loves to pick on!
The Most Targeted Chains
When it comes to which chains were on the hackers’ radar, BNB Chain took the crown, surpassing Ethereum as the most targeted chain in 2022. It’s like the month when your Wi-Fi speed dips—everyone wants access to the good stuff!
The Dangers Continue: Predictions for 2023
Despite December seeing the lowest number of DeFi exploits for the year—$62 million compared to previous months—security experts warn that they don’t expect to hit the brakes on exploits in 2023. Buckle up folks; as Mitchell Amador, CEO of Immunefi, said, “By proactively identifying and addressing vulnerabilities, we can protect the community from harm and build trust in the field.”
+ There are no comments
Add yours