According to research, cryptocurrency hacks caused $8.8 million in damages in January. When compared to the $121.4 million in exploitable losses in January 2022, January’s data indicated a 92.7% drop. In addition to the bullish cryptocurrency market rebound in January 2023, there have been other encouraging industry reports. This included a decrease in exploit-related losses […]
On 4 January, a victim of a phishing attack on the GMX decentralized trading protocol lost as much as $4 million. Despite the comparatively quiet month, the blockchain security firm CertiK warned in early January that assaults and exploits are unlikely to slow down this year.As in prior years, black hat hackers continued to favor DeFi as their top target. 155 attacks cost the DeFi ecosystem $3.1 billion in losses in 2022, a significant rise over the previous year.
DeFi suffered 107 distinct attacks totaling $2.4 billion in 2021, an increase of 56.2%. A different estimate by the crypto data aggregator Token Terminal claims that 50% of DeFi vulnerabilities target cross-chain bridges. CeFi, which witnessed a decline from the year prior and a small portion of DeFi’s hack-related losses last year, contrasted adversely with this. The research states that there were only 13 cyberattacks on CeFi projects, costing $769 million. CeFi lost $6 billion in nice incidents in 2021, which amounted to a significant drop of 87.3%.In 2022, BNB Chain and the layer-1 blockchain Ethereum [ETH] were two chains that were most frequently attacked, accounting for 63.3% of all chain attacks.
Now, about 49 instances, or 27.2% of all attacks across all targeted chains occurred on Ethereum. This figure indicated an 8.9% rise over the 45 attacks that Ethereum experienced in 2021.Subscribe to get it daily in your inbox.
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