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

According to 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 “lost to exploits, hacks, and scams.”

Record Low Cyber Attacks in December 2022 Result in $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 the incidents mixed added as much as roughly $62.2 million, and Certik famous it was the “lowest monthly figure” of the 12 months.

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

The following day, on Jan. 1, 2023, Certik said that the exploits, hacks, and scams from the earlier month stemmed from “23 major attacks.” The largest incident that occurred was the Helio Protocol and stablecoin assault.

Despite the 23 occurrences that noticed $62.2 million misplaced, the month prior, in Nov. 2022, Certik explained that there have been “36 major attacks” that amounted to $595 million misplaced. The largest incident in Nov. 2022 was the FTX hack, which passed off the identical day the corporate filed for Chapter 11 chapter safety.

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

According to statistics, in addition to the FTX hack in Nov. 2022, the biggest hacks included Binance Smart 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.

Do you’ve gotten 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 beneath.