Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to Certik – Bitcoin News

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Based on blockchain safety firm Certik, the variety of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the bottom month-to-month determine of the 12 months. Certik famous that the mixed incidents amounted to $62.2 million “misplaced to exploits, hacks, and scams.”

File Low Cyber Assaults in December 2022 Lead to $62.2 Million in Losses

On Dec. 31, 2022, Certik tweeted that the final month of the 12 months noticed the least quantity of exploits, hacks, and scams. All of the incidents mixed added as much as roughly $62.2 million, and Certik famous it was the “lowest month-to-month determine” of the 12 months.

Certik detailed that exit scams accounted for $15.5 million, and flashloan assaults represented $7.6 million. The most important flashloan assault got here from the Lodestar exploit, and the biggest exit rip-off was Defrost Finance.

The next day, on Jan. 1, 2023, Certik said that the exploits, hacks, and scams from the earlier month stemmed from “23 main assaults.” The most important incident that occurred was the Helio Protocol and stablecoin assault.

Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to Certik

Regardless of the 23 occurrences that noticed $62.2 million misplaced, the month prior, in Nov. 2022, Certik explained that there have been “36 main assaults” that amounted to $595 million misplaced. The most important incident in Nov. 2022 was the FTX hack, which came about the identical day the corporate filed for Chapter 11 chapter safety.

$477 million was stolen through the FTX hack, and the second-largest incident in Nov. 2022 was Deribit’s loss of $28 million. 2022 noticed a file variety of hacks, and the slowdown in Dec. 2022 was a welcome aid for a lot of.

Based on statistics, moreover the FTX hack in Nov. 2022, the biggest hacks included Binance Sensible Chain’s token hub exploit, which noticed the lack of $569 million, the Ronin bridge breach, which noticed $540 million drained, and the Wormhole exploit, which noticed $326 million stolen.

On Dec. 15, 2022, Elliptic noted that roughly $2.7 billion was siphoned from decentralized finance (DeFi) protocols. Blockchain safety agency Peckshield estimated that there was $1.55 billion taken from defi protocols in 2021.

Tags on this story
Binance Smart Chain, Blockchain, certik, Chapter 11 bankruptcy protection, code exploits, Cryptocurrency, December 2022, decentralized finance, Defi protocols, Defrost Finance, deribit, exit scams, Exploits, flashloan attacks, FTX Hack, Hacks, Helio Protocol, incidents, Lodestar exploit, lost, major attacks, monthly figure, Nov. 2022, record low, Ronin bridge breach, Scams, security company, stablecoin attack, token hub exploit, Wormhole Exploit

Do you may have an opinion on the comparatively low variety of exploits, hacks, and scams that occurred in Dec. 2022? Please share your ideas on this matter within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at present.




Picture Credit: Shutterstock, Pixabay, Wiki Commons, Editorial picture credit score: Certik

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