$3.78 Billion Misplaced in 303 Hacks: SlowMist Releases Report on 2022 Blockchain Assaults

SlowMist, a top-tier cybersecurity and AML staff, shared its annual report on the assaults, hacks and different safety incidents within the Web3 phase. It appears like 2022 witnessed a record-breaking variety of scams on main sensible contracts platforms.

303 hacks, billions laundered, 376 stablecoin addresses frozen: SlowMist 2022 report is out

In line with the SlowMist 2022 Annual Blockchain Safety and AML Evaluation Report, final yr, 303 incidents within the sphere of blockchain safety passed off, which indicators 28.3% improve in comparison with 2021 numbers. Aggregated losses in these assaults eclipsed $3.77 billion, which “doesn’t keep in mind belongings misplaced as a result of market instability,” analysts highlighted.

💫Thrilling information!

The SlowMist 2022 Annual Blockchain Safety and AML Evaluation Report is right here!

Our complete report gives worthwhile insights and evaluation on the newest traits and developments in #blockchain safety and #AML.

Let’s dive in🧐https://t.co/HJpY9yqmIl

— SlowMist (@SlowMist_Team) January 9, 2023

The staff calculated the losses primarily based on belongings’ costs on the date of accidents. The largest improve within the variety of losses was registered within the DeFi, cross-chain and NFT segments. BNB Good Chain (BSC) was the first goal of attackers: 79 accidents of varied varieties occurred there.

SlowMist calculated the variety of cryptocurrency accounts blocked by main centralized stablecoin issuers Tether Restricted and Circle. Two heavyweights blocked 250 and 126 addresses on Ethereum (ETH) blockchain, respectively.

Regardless of the arrest of Twister Money developer Alexey Pertsev, blockchain mixers witnessed an enormous spike in recognition in 2022. Per the report, a complete of 1,233,129 ETH was deposited to Twister Money, whereas over 40,000 Bitcoins (BTC) have been laundered by means of ChipMixer.

Phishing, rug pulls and scams have been on fireplace in 2022

Cross-chain bridges suffered painful losses in 2022: in simply 4 assaults (towards Ronin, Wormhole, Nomad and Concord bridges), nearly $1.2 billion was stolen by hackers. In whole, 16 assaults on cross-chain techniques have been registered; 32% of all annual losses needs to be attributed to the cross-chain phase.

Scammers in crypto are getting an increasing number of harmful: 31.6% of incidents in Web3 needs to be attributed to rip-off campaigns, rug pulls and phishing occasions. In 30.3% of circumstances, attackers exploited DeFi contract vulnerabiliies.

SlowMist registered 56 incidents within the NFT phase; nearly 40% of them have been related to phishing assaults, whereas 21% have been brought on by “rug pulls.”