Immunefi’s Crypto Losses 2022 report found over $3.9 billion was “lost” last year. While that might seem like a whopping amount of capital to lose track of, it’s down 51.2% compared to 2021, when over $8 billion was stolen, the report found.
Crypto losses are defined as a combination of hacks and alleged fraud incidents, Adrian Hetman, tech lead of the triaging team at Immunefi, previously told TechCrunch. In 2022, the majority of losses, or $3.77 billion, were from hacks across 134 specific incidents. About $175 million was lost to fraud across 34 incidents in the same time frame.
Both decentralized finance (DeFi) and centralized finance (CeFi) experienced major catastrophic events, including the implosion of the Terra/LUNA ecosystem and the downfall of...
