DeFi security losses rose 47.4% in 2022 to hit $3.64B: Report By Cointelegraph
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According to a Jan. 5 report published by Chinese blockchain security firm LianAn Technology, decentralized finance (DeFi) exploits across blockchains worldwide totaled $3.64 billion in 2022. This represented a rise of 47.4% compared with the loss of $2.44 billion in 2021. The incidents increased in quantity despite a steep 80% loss in the total value locked in DeFi during the year.
Out of the 2022 amount, funds lost during cross-chain bridge hacks amounted to $1.89 billion across 12 incidents — the highest in the category. Overall, attacks on , BNB Chain and accounted for the majority of exploits.
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According to a Jan. 5 report published by Chinese blockchain security firm LianAn Technology, decentralized finance (DeFi) exploits across blockchains worldwide totaled $3.64 billion in 2022. This represented a rise of 47.4% compared with the loss of $2.44 billion in 2021. The incidents increased in quantity despite a steep 80% loss in the total value locked in DeFi during the year.
Out of the 2022 amount, funds lost during cross-chain bridge hacks amounted to $1.89 billion across 12 incidents — the highest in the category. Overall, attacks on , BNB Chain and accounted for the majority of exploits.
Continue Reading on Coin Telegraph
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