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- 303 hacks, billions laundered, 376 stablecoin addresses frozen: SlowMist 2022 report is out
- Phishing, carpet pulling and fraud were on fire in 2022
SlowMist launches report on blockchain attacks in 2022
Vladislav Sopov
The net number of attacks against the DeFi protocol increased by almost 30% compared to the 2021 statistics
SlowMist, a top-level cybersecurity and AML team, shared its annual report on attacks, hacks and other security incidents in the Web3 segment. It seems that 2022 witnessed a record number of frauds on major smart contract platforms.
303 hacks, billions laundered, 376 stablecoin addresses frozen: SlowMist 2022 report is out
according to SlowMist 2022 Annual Blockchain Security and AML Analysis Report, last year, 303 blockchain security incidents took place, signaling a 28.3% increase compared to 2021 figures. Total losses in these attacks exceeded $3.77 billion, which “does not take into account assets lost due to market volatility,” analysts highlighted.
💫Exciting news!
SlowMist 2022 Annual Blockchain Security and AML Analysis Report is here!
Our comprehensive report provides valuable insight and analysis on the latest trends and developments in #blockchain security and #AML.
Let’s dive in🧐
— SlowMist (@SlowMist_Team) 9 January 2023
The team calculated the losses based on asset prices on the date of the accident. The largest increase in the number of losses was recorded in the DeFi, cross-chain and NFT segments. BNB Smart Chain (BSC) was the primary target of attackers: 79 accidents of various types occurred there.
SlowMist calculated the number of cryptocurrency accounts blocked by major centralized stablecoin issuers Tether Limited and Circle. Two heavyweights blocked 250 and 126 addresses respectively on the Ethereum (ETH) blockchain.
Despite the arrest of Tornado Cash developer Alexey Pertsev, blockchain mixers witnessed a huge surge in popularity in 2022. According to the report, a total of 1,233,129 ETH were deposited into Tornado Cash, while over 40,000 Bitcoins (BTC) were laundered through ChipMixer.
Phishing, carpet pulling and fraud were on fire in 2022
Cross-chain bridges suffered painful losses in 2022: in just four attacks (against Ronin, Wormhole, Nomad and Harmony bridges), almost $1.2 billion was stolen by hackers. A total of 16 attacks on cross-chain systems were recorded; 32% of all annual losses are attributable to the cross-chain segment.
Fraudsters in crypto are becoming more and more dangerous: 31.6% of incidents in Web3 are attributed to scams, scams and phishing incidents. In 30.3% of cases, attackers exploited vulnerabilities in DeFi contracts.
SlowMist recorded 56 events in the NFT segment; almost 40% of them were associated with phishing attacks, while 21% were caused by rug pulls.
