Cryptocurrency Industry Total loss of $3.9 billion in 2022

Immunefi is a bug bounty platform and security service for the Web3 ecosystem.publishThe January 6 report reveals that the industry Cryptocurrency A total loss of $3.9 billion in 2022.

followreportHacking was found to be the main cause of loss, accounting for 95.6% of the total, with fraud, scams, and data rug pulls remaining 4.4%. ) is the most targeted sector. It suffered an 80.5% loss, compared to a 19.5% loss by centralized finance (CeFi).

“DeFi has suffered all losses. $3,180,023,103 in 2022 across 155 events, a 56.2% increase compared to 2021, when DeFi lost $2,036,015,896 across 107 events.”

BNB and Ethereum are the most targeted chains, with the BNB Chain surpassing Ethereum to become the top target in 2022. In Q4 2022, the industry suffered losses of approximately $1.6 billion, with DeFi being the top target at 57.6% and CeFi at 42.4%

Mitchell Amador, CEO of Immunefi, said: “By proactively identifying and addressing vulnerabilities, we are able to protect our customers from vulnerabilities. We can protect communities from harm and build trust. and when the industry is safer Everything can grow.”

refer : LINK
picture LINK

The post Cryptocurrency industry Collectively Lost $3.9 Billion In 2022 Appeared First On Bitcoin Addict.

source site