Danny Jones https://coinjournal.net 1m 239 #crypto
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Data shows that crypto hacks and fraud incidents reached a record high in 2022
Crypto hacks and fraud reached a record high in 2022, with incidents up 27.66% from 2021.
Rank | Year | No. of Incidents | GBP | YoY Increase |
1 | 2022 | 120 | £1,866,240,500 | 27.66% |
2 | 2021 | 94 | £4,037,707,250 | 203.23% |
3 | 2020 | 31 | £1,299,391,750 | 19.23% |
4 | 2019 | 26 | £3,052,262,500 | 73.33% |
5 | 2013 | 16 | £12,383,465 | 14.29% |
6 | 2018 | 15 | £849,401,050 | 7.14% |
7 | 2017 | 14 | £563,360,450 | 180.00% |
7 | 2012 | 14 | £5,031,873 | 75.00% |
2022 was the worst year for crypto fraud and breaches, with 120 different incidents occurring during the year. This was 26 more than the previous year, which equates to an increase of almost 28%.
The most common crypto attack was DeFi breaches, happening 80 times in 2022 alone, accounting for over 66% of all incidents.
The second most common type of crypto attack was fraud, with 36 frauds occurring in 2022, an increase of over 140% from 2021.The biggest fraud of 2022 was worth £53,940,000.
The United States is the most commonly targeted country, with 13 hacks and breaches since 2011. The most recent was in July 2020 when hackers got into verified Twitter accounts and launched a fake donation campaign.
The most costly crypto scam was by Plus Token, where almost $3 billion worth of Bitcoin and Ethereum was stolen.
BSC was the most stolen coin in 2022, with the currency being stolen a total of 50 times. This was a 72% increase from 2021 when it was stolen just 29 times. The second most commonly stolen coin was ETH at 33 times.
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