1 year ago
The web3 ecosystem mislaid implicit $428.7 cardinal to 39 exploits successful the 3rd 4th — down 62.9% compared to implicit $1 cardinal mislaid successful the aforesaid play of 2021. The Nomad Bridge and Wintermute hacks relationship for 79.85% — $350 cardinal — of each recorded losses.
Leading Bug bounty steadfast Immunefi elaborate successful its Crypto Losses report that astir $398.9 cardinal was mislaid to 30 incidents of hacks, portion 9 fraud cases claimed astir $29.8 million, including $24.5 cardinal mislaid to task rug pulls.
Over 98% of the losses occurred connected DeFi platforms, amounting to $423.4 cardinal crossed 36 incidents. CeFi exchanges suffered a $5.2 cardinal nonaccomplishment crossed 3 cases.
The bulk of DeFi platforms attacked (51.8%) lived connected the BNB and Ethereum chains. Attacks connected Solana and Avalanche chains represented 6.8% of each losses.
Nomad & Wintermute hacks
On Aug. 2, cross-chain protocol Nomad Bridge suffered an exploit that drained 100% of its liquidity worthy astir $190 million. A hacker stole immoderate 100 WBTC from the span and exposed the exploit codification for hundreds of attackers to drain the protocol by “copy-pasting” their addresses.
Market shaper Wintermute lost $160 million to a blistery wallet compromise, connected Sept. 20. The exploit was linked to a profanity vanity code flaw that the attacker leveraged to drain immoderate 90 crypto assets.
2022 losses successful numbers
Since the commencement of 2022, the crypto ecosystem has mislaid astir $2.3 cardinal to hackers and fraudsters.
By the extremity of the archetypal quarter, full crypto losses had reached $1.2 billion, with Ronin Network and Wormhole span accounting for implicit 70% of the losses. The 2nd 4th saw implicit $670 cardinal travel out, with Beanstalk and Harmony Horizon losing a cumulative of $282 million.
Many affected projects worked with blockchain information firms to retrieve up to $93.8 million, representing 4% of the full losses. Some of the hardest deed projects, including Axie Infinity and Nomad bridge, recovered $30 cardinal and $36.4 million, respectively.
The station Web3 ecosystem mislaid implicit $428M to hacks, scams successful Q3 – Immunefi appeared archetypal connected CryptoSlate.
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