According to a report released on January 6 by Immunefi, a security services platform for the Web3 ecosystem, the cryptocurrency market has lost a total of 3.9 billion dollars in 2022.
The research states that hacks, which accounted for 95.6% of the total losses, were the primary cause, with fraud, scams, and rug pulls accounting for the remaining 4.4%. Immunefi also discovered that the most targeted industry was decentralized finance (DeFi), which lost 80.5% of its value, as opposed to centralized finance (CeFi), which lost 19.5%.
Related: Crypto Recap 2022
DeFi has experienced 155 events totaling $3,180,023,103 in losses in 2022. In comparison to 2021, when DeFi lost $2,036,015,896 in 107 occurrences, this figure indicates a 56.2% rise. The most targeted chains were BNB and Ethereum, with BNB Chain overtaking Ethereum to take the Top 1 in 2022.
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