SINGAPORE, Jan. 06, 2023 (GLOBE NEWSWIRE) — Immunefi, a leading bug bounty and security services platform for web3, protecting over $60 billion in user funds, has released its 2022 Crypto Loss Report. bottom. The crypto industry said he lost $3,948,856,037 in 2022.
- The five major exploits alone this year totaled $2.361 billion, accounting for 59.8% of all losses in 2022.
- In 2022, hacking remained the leading cause of 95.6% of losses, while fraud, scams and lag pulls accounted for only 4.4% of total losses. In total, 134 specific incidents saw him lose $3,773,906,837 to hacks in 2022. This figure is a 58.3% increase compared to 2021, when his 102 hacking losses totaled $2,384,164,452.
- In 2022, DeFi remained the primary target of 80.5% of successful exploits, while CeFi accounted for 19.5% of all losses. DeFi said in 2022 he suffered a total loss of $3,180,023,103 in 155 incidents. The figure represents a 56.2% increase compared to 2021, when DeFi lost $2,036,015,896 in 107 incidents.
- The two most targeted chains in 2022 were the BNB chain and Ethereum, accounting for more than half (63.3%) of chain attacks in 2022. The BNB chain overtook Ethereum to become the most targeted chain in 2022, with 65 cases and 36.1%. Ethereum, on the other hand, had 27.2% with 49 transactions.
- In total, stolen funds of $24157,000 were recovered in 12 specific instances. This figure is just 5.2% of his total losses in 2022.
Focus on Q4 Crypto Losses
- In Q4 2022 alone, the industry lost $1,620,138,807. These numbers show his uptick through Q4 2021, when hackers and scammers stole $739,243,793 from him.
- Most of the money last quarter was lost on two specific projects. Together, they account for 75.3% of losses in the fourth quarter alone.
- In the fourth quarter of 2022, hacking remained the leading cause of losses compared to fraud, scams and lag pulls. Fraud accounted for just 7.4% of total losses in Q4 2022, while hacking accounted for 92.6%.
- DeFi remained the primary target for successful exploits compared to CeFi. DeFi accounted for 57.6% of total losses and CeFi accounted for 42.4% of total losses.
- The two most targeted chains in Q4 2022 were the BNB chain and Ethereum, accounting for more than half (64%) of chain attacks in 2022. The BNB chain was hit the most with 18 incidents. This represents 36% of all attacks across the target chain, with Ethereum witnessing 14 incidents representing 28%.
Immunefi CEO Mitchell Amador said: “By proactively identifying and addressing vulnerabilities, we can protect our communities from harm and build trust in the field. As we make our industry safer, everything else can thrive.” there is potential.”
Immunefi is web3’s largest and most widely adopted bug bounty platform. Immunefi boasts a large community of white hat hackers who are rewarded for reviewing the project’s blockchain and smart contract code, finding vulnerabilities and responsibly disclosing them, making crypto more secure. I’m here. The platform currently supports 301 projects across multiple cryptocurrency sectors and offers a total bounty of $144 million to white hat hackers. Immunefi also facilitated the largest bug bounty payout in software history. This includes $10 million for vulnerabilities found in Wormhole, a popular cross-chain messaging protocol, $6 million for vulnerabilities found in Aurora, and bridging and scaling solutions. Ethereum.
A full report is available on the Immunefi website. The company has been tracking his cryptocurrency losses since early 2022. View previous reports here. In addition, Immunefi published the Bored Ape Yacht Club Report, which focused on stolen Bored Ape NFTs, and the Top Crypto Bounty and Ransom Payouts, detailing the most important industry bug bounties and ransom payouts to date. Report has been published.
Immunefi is the leading bug bounty and security services platform for web3 featuring the world’s largest bounty. Immunefi secures over $60 billion in user funds across projects such as Synthetix, Chainlink, SushiSwap, PancakeSwap, Bancor, MakerDAO, Compound, Alchemix, Nexus Mutual and more. The company paid out the most significant bug bounty in the software industry (over $65 million) and pioneered the scaling standard for web3 bug bounties. For more information, please visit https://immunefi.com.