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

According to blockchain information institution Certik, the fig of cryptocurrency incidents involving exit scams, hacks, and codification exploits successful Dec. 2022 was the lowest monthly fig of the year. Certik noted that the combined incidents amounted to $62.2 cardinal “lost to exploits, hacks, and scams.”

Record Low Cyber Attacks successful December 2022 Result successful $62.2 Million successful Losses

On Dec. 31, 2022, Certik tweeted that the past period of the twelvemonth saw the slightest magnitude of exploits, hacks, and scams. All the incidents combined added up to astir $62.2 million, and Certik noted it was the “lowest monthly figure” of the year.

Certik elaborate that exit scams accounted for $15.5 million, and flashloan attacks represented $7.6 million. The largest flashloan onslaught came from the Lodestar exploit, and the largest exit scam was Defrost Finance.

The pursuing day, connected Jan. 1, 2023, Certik said that the exploits, hacks, and scams from the erstwhile period stemmed from “23 large attacks.” The largest incidental that occurred was the Helio Protocol and stablecoin attack.

Despite the 23 occurrences that saw $62.2 cardinal lost, the period prior, successful Nov. 2022, Certik explained that determination were “36 large attacks” that amounted to $595 cardinal lost. The largest incidental successful Nov. 2022 was the FTX hack, which took spot the aforesaid time the institution filed for Chapter 11 bankruptcy protection.

$477 cardinal was stolen during the FTX hack, and the second-largest incidental successful Nov. 2022 was Deribit’s loss of $28 million. 2022 saw a grounds fig of hacks, and the slowdown successful Dec. 2022 was a invited alleviation for many.

According to statistics, too the FTX hack successful Nov. 2022, the largest hacks included Binance Smart Chain’s token hub exploit, which saw the nonaccomplishment of $569 million, the Ronin span breach, which saw $540 cardinal drained, and the Wormhole exploit, which saw $326 cardinal stolen.

On Dec. 15, 2022, Elliptic noted that astir $2.7 cardinal was siphoned from decentralized concern (DeFi) protocols. Blockchain information steadfast Peckshield estimated that determination was $1.55 cardinal taken from defi protocols successful 2021.

Do you person an sentiment connected the comparatively debased fig of exploits, hacks, and scams that occurred successful Dec. 2022? Please stock your thoughts connected this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photograph credit: Certik

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