Crypto Has a Loss of $3.9 Billion in 2022; Reports Immunefi By CoinEdition
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Crypto Has a Loss of $3.9 Billion in 2022; Reports Immunefi- Immunefi reported that the crypto industry has a loss of $3.9 billion in 2022.
- The major cause of the loss is the hacks, constituting 95.6%.
- The report also suggests that the most targeted chains in 2022 are the BNB Chain and , representing more than half of the year’s chain attacks.
Immunefi, Web3’s leading bug bounty platform, and the software company reported on January 6 that the crypto industry has a total loss of about $3,948,856,037 in 2022.
As per the reports, the major cause of the losses is the hacks, which constitute around 95.6% of the total. Meanwhile, only 4.4% could be attributed to the rest of the issues including fraud, scams, and rug pull.
To be specific, 2022 has witnessed a loss of almost $3,773,906,837 in 134 particular incidents. While comparing the losses in 2021 and 2022, this year has a substantial increase in the loss by 56.2%.
Significantly, the report suggests that the most targeted sector was decentralized finance (DeFi), with a loss of almost 80.5% while centralized finance (CeFi) suffered only a loss of 19.5%:
DeFi has suffered $3,180,023,103 in total losses in 2022, across 155 incidents. This number represents a 56.2% increase compared to 2021, when DeFi lost $2,036,015,896, in 107 incidents.
In addition, the platform poin …
The post Crypto Has a Loss of $3.9 Billion in 2022; Reports Immunefi appeared first on Coin Edition.
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Crypto Has a Loss of $3.9 Billion in 2022; Reports Immunefi- Immunefi reported that the crypto industry has a loss of $3.9 billion in 2022.
- The major cause of the loss is the hacks, constituting 95.6%.
- The report also suggests that the most targeted chains in 2022 are the BNB Chain and , representing more than half of the year’s chain attacks.
Immunefi, Web3’s leading bug bounty platform, and the software company reported on January 6 that the crypto industry has a total loss of about $3,948,856,037 in 2022.
As per the reports, the major cause of the losses is the hacks, which constitute around 95.6% of the total. Meanwhile, only 4.4% could be attributed to the rest of the issues including fraud, scams, and rug pull.
To be specific, 2022 has witnessed a loss of almost $3,773,906,837 in 134 particular incidents. While comparing the losses in 2021 and 2022, this year has a substantial increase in the loss by 56.2%.
Significantly, the report suggests that the most targeted sector was decentralized finance (DeFi), with a loss of almost 80.5% while centralized finance (CeFi) suffered only a loss of 19.5%:
DeFi has suffered $3,180,023,103 in total losses in 2022, across 155 incidents. This number represents a 56.2% increase compared to 2021, when DeFi lost $2,036,015,896, in 107 incidents.
In addition, the platform poin …
The post Crypto Has a Loss of $3.9 Billion in 2022; Reports Immunefi appeared first on Coin Edition.
See original on CoinEdition
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