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According to blockchain security firm Certik, the number of cryptocurrency incidents involving exit scams, hacks and code exploits in December 2022 was the lowest monthly figure of the year. Certik noted that the combined incidents amounted to $62.2 million lost due to exploits, hacks and scams.
Record cyberattacks in December 2022 result in losses of $62.2 million
On December 31, 2022, Certik tweeted that the last month of the year saw the fewest exploits, hacks and scams. All of the incidents combined totaled around $62.2 million, and Certik noted that was the “lowest monthly figure” of the year.
Certik said exit scams accounted for $15.5 million and flash loan attacks accounted for $7.6 million. The biggest flash loan attack came from the Lodestar exploit, and the biggest exit scam was Defrost Finance.
The following day, January 1, 2023, Certik said the previous month’s exploits, hacks and scams stemmed from “23 major attacks”. The biggest incident that happened was the attack on the Helio protocol and the stablecoin.
Despite the 23 events that resulted in the loss of $62.2 million, the previous month, in November 2022, Certik explained that there were “36 major attacks” that amounted to $595 million lost. The biggest incident of November 2022 was the FTX hack, which took place the same day the company filed for Chapter 11 bankruptcy.
$477 million was stolen in the FTX hack, and the second largest incident in November 2022 was Deribit’s loss of $28 million. 2022 saw a record number of hacks, and the slowdown in December 2022 was a welcome relief for many.
According to statistics, besides the FTX hack in November 2022, the biggest hacks included the Binance Smart Chain token hub exploit, which resulted in the loss of $569 million, the Ronin Bridge breach, which resulted in the loss of $540 million, and the Wormhole exploit, which saw $326 million stolen.
On December 15, 2022, Elliptic noted that approximately $2.7 billion had been diverted from decentralized finance (DeFi) protocols. Blockchain security firm Peckshield estimated that there was $1.55 billion taken from defi protocols in 2021.
Tags in this story Binance Smart Chain, Blockchain, certik, Chapter 11 bankruptcy protection, code exploits, Cryptocurrency, December 2022, decentralized finance, Defi Protocols, Defrost Finance, deribit, exit scams, Exploits, attacks flashloan, FTX Hack, Hacks, Helio Protocol, incidents, Lodestar exploit, lost, major attacks, monthly figure, Nov 2022, all-time high, Ronin Bridge breach, scams, security company, stablecoin attack, token hub exploit, Wormhole Exploit
Do you have an opinion on the relatively low number of exploits, hacks and scams that occurred in December 2022? Please share your thoughts on this topic in the comments section below.
Jamie Redman
Image credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Certik
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