Cryptosphere lost 61% less to hacks in 2022 vs 2021

January 9, 2023

By Zeynep Geylan

The crypto sphere lost $3.78 billion to 303 blockchain-related security incidents in 2022, which is 61% less than the $9.80 billion recorded in 2021, according to a report by SlowMist.

Even though the number of hacking incidents has been growing steadily since 2020, the total amount lost to these attacks was the smallest in 2022. The year 2020 experienced 123 hacking incidents that cost $4.31 billion, which is 13.9% more than 2022’s $3.78 billion.

303 Hacks

The numbers revealed that most of these hacking incidents were experienced by DeFi, cross-chain bridges, and NFT ecosystems.

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