According to blockchain security firm Certik, the number of cryptocurrency incidents related to exit scams, hacks and code exploits in December 2022 was the lowest monthly number of the year. Certik found that the combined incidents amounted to $62.2 million “lost to exploits, hacks and fraud.” Record Low Cyberattacks in December 2022 Result in $62.2 Million in Losses On December 31, 2022, Certik tweeted that the last month of the year saw the fewest exploits, hacks and scams. All incidents combined totaled around $62.2 million, and Certik noted that this was the "lowest monthly figure"...
According to blockchain security firm Certik, the number of cryptocurrency incidents related to exit scams, hacks and code exploits in December 2022 was the lowest monthly number of the year. Certik found that the combined incidents amounted to $62.2 million “lost to exploits, hacks and fraud.”
On December 31, 2022, Certik tweeted that there were the fewest exploits, hacks and scams in the last month of the year. All incidents combined totaled around $62.2 million, and Certik noted that this was the “lowest monthly figure” of the year.
Certik detailed that exit scams accounted for $15.5 million and flashloan attacks accounted for $7.6 million. The biggest flashloan attack came from the Lodestar exploit and the biggest exit scam was Defrost Finance.
The following day, January 1, 2023, Certik said that the previous month's exploits, hacks and scams resulted from "23 major attacks." The biggest incident that occurred was the Helio protocol and the stablecoin attack.
Despite the 23 incidents that resulted in the loss of $62.2 million the month before, in November 2022, Certik explained that there were “36 major attacks” in which $595 million was lost. The biggest incident in November 2022 was FTX hack which occurred on the same day the company filed for Chapter 11 bankruptcy protection.
$477 million was stolen during the FTX hack, and the second largest incident in November 2022 was that of Deribit Loss of $28 million. 2022 saw a record number of hacks, and the slowdown in December 2022 was a welcome relief for many.
According to statistics, in addition to the FTX hack in November 2022, one of the biggest hacks was Binance Smart Chain's Token Hub exploitwhich posted a loss of $569 million Ronin Bridge Breakin which $540 million was withdrawn, and the Wormhole exploitin which $326 million was stolen.
On December 15, 2022 Elliptic noted that approximately $2.7 billion was siphoned off from decentralized finance (DeFi) protocols. Blockchain security firm Peckshield estimates that $1.55 billion was withdrawn from Defi protocols in 2021.
Do you have an opinion on the relatively small number of exploits, hacks and scams that occurred in December 2022? Please share your thoughts on this topic in the comments section below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, Editorial image rights: Certik
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