🔶Report: Crypto Industry Lost Over $3.9 Billion in 2022

The entire cryptocurrency industry lost over $3.9 billion in 2022. The five major breaches that year alone totaled $2.361 billion, accounting for 59.8% of all losses in 2022. Hacking will remain the leading cause of losses in 2022, accounting for 95.6%, while fraud, scams and theft accounted for only 4.4% of total losses. DeFi projects continued to be the main targets for successful exploitation during the year, accounting for 80.5% of total losses, while CeFi accounted for 19.5% of total losses. In addition, the two most attacked chains in 2022 are BNBChain and Ethereum, accounting for more than half of the chain attacks in 2022, reaching 63.3%. BNB Chain surpasses Ethereum to become the most watched chain in 2022.