Other crypto-related projects and people were victims of 48 hacks, causing nearly $370 million in losses. The Ethereum ecosystem is not far behind, with 49 events resulting in losses of more than $500 million in cryptocurrencies. In October, a hacker stole about $588 million in an attack on BNBChain, the second-biggest hack of the year. Ronin Network sidechain bridge suffered the biggest hack of the year, as the attacker walked away with $610 million.įurthermore, the BSC ecosystem lost over $870 million in 76 attacks or scams in 2022. Bridges are a new category, as we have not analyzed it before, so some hacks from earlier in the year were moved here for a more accurate blockchain hack landscape. Monetary losses were calculated based on the conversion rate of a particular cryptocurrency at the time of a hack or scam event.īlockchain bridges lost $1.2 billion worth of cryptocurrencies in just 16 events. The data is based on the numbers provided by Slowmist Hacked, which collects information about disclosed attacks against blockchain projects. A blockchain bridge is a mechanism that enables the transfer of assets or data between different blockchain networks. However, as with any technology, blockchain is not immune to hacking.Īccording to the data collected by the Atlas VPN team, blockchain hackers stole over $3.5 billion worth of cryptocurrencies in 2022.īlockchain bridges and Binance Smart Chain ( BSC) ecosystem were the prime targets of cybercriminals, as combined, they lost over $2 billion in 92 hacks and scams. The technology’s decentralized nature should make it resistant to tampering and fraud. One of the key selling points of blockchain is its security. Blockchain technology has garnered a great deal of attention in recent years for its potential to revolutionize a wide range of industries.
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