Out of the amount, LianAn says 38.7%, or $1.40 billion worth of stolen funds were laundered via cryptocurrency mixer Tornado Cash.
by Chinese blockchain security firm LianAn Technology, decentralized finance 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.
Out of the 167 notable incidents in 2022, 51.5% of breaches occurred in audited projects, while 48.5% of breaches occurred in non-audited projects. In total, LianAn said 38.7%, or $1.40 billion, of stolen funds were laundered via cryptocurrency mixer Tornado Cash. Only $289 million worth of funds were recovered throughout the year. However, the number is likely higher, as several recoveriesTotal global blockchain-related crimes amounted to $13.7 billion in 2022.
"2022 was a grim year for the security of the global blockchain industry. This leads to a greater and more pressing demand for security expectations in 2023. How to respond against hacker attacks, how to quickly build a global regulatory framework, and how to apply technical breakthroughs to resolve security threats are all pressing issues we must consider and resolve in 2023."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Best of 2022: How Marvel & Mario Got Me Into Tactics in 2022Senior Gaming Editor Michael Leri describes how Midnight Suns and the Mario + Rabbids series got him into tactics.
Read more »
2022 Favorites Talk 2022 Albums and 2023 PlansWeasked Houston music folks we featured in 2022 for their best album of 2022 choices. It’s a list that might turn you onto some music you missed last year and one that serves as a recall to the stories we did on these artists. Best of all, it details plans...
Read more »
ALEA announces end-of-year traffic fatalities report for 2022The Alabama Law Enforcement Agency’s (ALEA) Highway Patrol Division released its 2022 traffic fatality report with 19 fewer deadly traffic accidents than in 2021.
Read more »
ALEA announces end-of-year traffic fatalities report for 2022The Alabama Law Enforcement Agency’s (ALEA) Highway Patrol Division released its 2022 traffic fatality report with 19 fewer deadly traffic accidents than in 2021.
Read more »
Crypto payments volume in eCommerce climbs over 60% in 2022 – CoinGate reportDespite markets now suffering a severe correction, the number of retailers who are willing to accept cryptocurrency payments continues to … Continued
Read more »
An Anime Ranked as the Most-Watched TV Show in 2022, Says New ReportIt's happening. A new report is out and says the most-watched TV show of 2022 was an anime. Sorry, Stranger Things!
Read more »