Some key points of the report include:
1. The five biggest attacks of the year alone totaled $2,361,000,000, accounting for 59.8% of the stolen assets in 2022.
2. Hack/exploit attacks continue to be the main cause of the loss, accounting for 95.6%. While cheating, fraud, and rug pull accounted for only 4.4%.
Specifically, there are $3,773,906,837 due to being hacked/exploited through 134 incidents. This figure represents a spike of 58.3% compared to 2021 when the total loss was $2,384,164,452 across 102 incidents.
3. DeFi was the main target of attacks with a rate of 80.5%, which surpassed CeFi’s 19.5%. DeFi incurred a total loss of $3,180,023,103 across 155 incidents. Up to 56.2% compared to 2021, the total loss in 2022 is $2,036,015,896 through 107 incidents.
4. The two most targeted blockchains are BNB and Ethereum, which accounted for more than half of 2022 attacks, at 63.3%. Among those, BNB recorded 65 crashes, while Ethereum recorded 49.
5. However, only 5.2% ($204,157,000) of the total stolen funds were successfully recovered in 12 specific cases.
In general, 2022 has recorded a new high in security attacks, the rate of increase is between 50% and 60% across the parameters. The most prominent of which is probably the most serious attack in history against Ronin Network, with a total loss of up to $625 million.
Then there was FTX’s sudden withdrawal of $ 650 million right after announcing bankruptcy in November, which is being investigated by the US Department of Justice whether this is a simple security attack or an internal fraud.
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