Net Attacks Against DeFi Protocols Surge Nearly 30% Compared to 2021 Stats
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- 303 Hacks, Billions of Dollars Laundered, 376 Stablecoin Addresses Frozen: SlowMist 2022 Report Published
- Phishing, lag-pulls and fraud hit the spot in 2022
SlowMist, a leading cybersecurity and AML team, has shared its annual report on attacks, hacks, and other security incidents in the Web3 segment. 2022 will likely see record numbers of frauds across major smart contract platforms.
303 Hacks, Billions of Dollars Laundered, 376 Stablecoin Addresses Frozen: SlowMist 2022 Report Published
by SlowMist 2022 Annual Blockchain Security and AML Analysis Report, Last year there were 303 incidents in the field of blockchain security. This represents an increase of 28.3% compared to the 2021 figures. Total losses from those attacks put him above $3.77 billion, which “does not take into account the assets lost due to market volatility,” the analyst stressed.
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The SlowMist 2022 Annual Blockchain Security and AML Analysis Report is here.
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— Slow Mist (@SlowMist_Team) January 9, 2023
The team calculated the loss based on the asset price on the day of the accident. The largest increases in loss numbers were recorded in the DeFi, cross-chain, and NFT segments. BNB Smart Chain (BSC) was the main target of attackers. 79 accidents of various types occurred.
SlowMist calculated the number of cryptocurrency accounts blocked by major centralized stablecoin issuers Tether Limited and Circle. Two major companies have blocked 250 and 126 addresses respectively on the Ethereum (ETH) blockchain.
Despite the arrest of Tornado Cash developer Alexey Pertsev, the popularity of blockchain mixers has skyrocketed in 2022. According to reports, a total of 1,233,129 ETH was deposited into Tornado Cash and over 40,000 Bitcoins (BTC) were laundered through ChipMixer.
Phishing, lag-pulls and fraud hit the spot in 2022
Cross-Chain Bridge suffered a painful loss in 2022. In just four attacks (against Ronin, Wormhole, Nomad and Harmony bridges) nearly $1.2 billion was stolen by hackers. In total, 16 of his attacks against cross-chain systems were registered. 32% of the annual loss should be attributed to the cross-chain segment.
Cryptocurrency scammers are becoming more and more dangerous. 31.6% of incidents on Web3 should be attributed to fraudulent campaigns, lag pulls and phishing events. In his 30.3% of cases, attackers exploited vulnerabilities in her DeFi contracts.
SlowMist registered 56 incidents in the NFT segment. Nearly 40% of them were related to phishing attacks and 21% were caused by “pulling the rug.”
