According to the report, 65% of funds stolen in 2022 were from bridge hacks. Phishing attacks accounted for only 0.6% of losses, however.
suffered a market manipulation exploit in October 2022, as a hacker purchased and artificially inflated Mango tokens before taking out under-collateralized loans from the project's treasury. $116 million was stolen in the flash loan attack.
Reentrancy attacks, in which attackers make use of a malicious smart contract that drains funds from a target with repeated withdrawal orders, amounted to $81 million stolen last year. Oracle issue hacks led to $54 million of funds stolen. This method sees hackers gain access to an oracle service and manipulate its price feed data service to enforce smart contract failure or carry out flash loan attacks.
attacks only amounted to $17 million of cryptocurrency stolen in 2022. This method was prevalent between 2017 and 2020, as attackers preyed on unwitting victims through social engineering methods to steal login credentials and private keys.
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