The crypto sphere misplaced $3.78 billion to 303 blockchain-related safety incidents in 2022, which is 61% lower than the $9.80 billion recorded in 2021, in accordance with a report by SlowMist.
Despite the fact that the variety of hacking incidents has been rising steadily since 2020, the overall quantity misplaced to those assaults was the smallest in 2022. The yr 2020 skilled 123 hacking incidents that price $4.31 billion, which is 13.9% greater than 2022’s $3.78 billion.
303 Hacks
The numbers revealed that almost all of those hacking incidents had been skilled by DeFi, cross-chain bridges, and NFT ecosystems.
All year long, 225 hacking occasions hit the DeFi, cross-chain bridges, and NFT ecosystems, which compensates for over %84 of all hacks. Crypto wallets got here second in step with a complete of 11 hacking assaults, whereas exchanges had been positioned third with ten hacking incidents.
Bridges, DeFi, and NFTs
The report additionally took an in depth look into the 225 hacks within the DeFi, cross-chain bridges, and NFT ecosystems.
DeFi
The yr 2022 recorded 172 hacking incidents that focused DeFi initiatives. Protocols constructed on the BNB Chain had been the most popular goal of the hackers, because the chain was hit by 79 completely different hacking incidents, which price $785 million in whole.
The second hottest goal was the Ethereum (ETH) blockchain. DeFi initiatives are constructed on the ETH blockchain and misplaced $528 million to 50 completely different hacking incidents.
Cross-Chain Bridges
There have been ten assaults on cross-chain bridges in 2022, in accordance with the report. The costliest assault on the cross-chain bridges was the Ronin Community assault that befell on Mar. 29, 2022, and value $610 million.
The assault on Solana’s Wormhole bridge was positioned second. The assault befell on Feb. 2, 2022, and the hackers stole $326 million.
NFT
NFT ecosystems skilled 56 hacking incidents that resulted in losses totaling over $65.44 million.
The vast majority of these incidents had been phishing assaults. A complete of twenty-two phishing assaults had been recorded all year long, which accounts for about 39% of the assaults within the NFT sphere.
Rug Pulls positioned second by accounting for about 21% with 12 recorded incidents, whereas hacks the place contract vulnerabilities had been exploited adopted as a detailed third with 17 incidents, accounting for 30%.
