Tuesday, July 8, 2025
The Dao Makers
No Result
View All Result
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Launchpads
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
  • Home
  • Bitcoin
  • Launchpads
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
No Result
View All Result
The Dao Makers
No Result
View All Result

Hackers Steal $4.3bn in Crypto in Nine Months

by The Dao Makers
December 5, 2022
in Crypto Updates
Reading Time: 5 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on Twitter


The value of cryptocurrency stolen by hackers inside the first 11 months of the yr rose by 37% to $4.3 billion in 2022, a brand new analysis by cybersecurity and information privateness agency, Privateness Affairs, has discovered.

Seize your copy of our newest Quarterly Intelligence Report for Q3 2022 earlier than your rivals and keep up-to-date with essential developments within the Foreign exchange and CFD business!

The agency famous that the collapse of FTX is the biggest cryptocurrency rip-off to this point this yr with about $1-2 billion in buyer funds unaccounted for.

In line with Privateness Affairs, of the 11 greatest cryptocurrency scams dedicated this yr, the highest 5 are the failure of FTX, the Axie Infinity’s
Ronin Community assault in March ($615 million), the Wormhole crypto bridge hack in February ($320 million), the JuicyFields.io rip-off in July ($273 million) and the Distinctive-Alternate.co/PARAIBA world rip-off
additionally in July ($267 million).

Others are the Nomad cross-chain bridge assault in August ($190 million),
the Beanstalk DeFi mission flash mortgage assault in April ($182 million), the Wintermute hack in September ($160
million), the Elrond blockchain alternate hack in June ($113 million), the Concord
Horizon Bridge hack in June ($100 million) and the Mango Market flash mortgage assault in October
($100 million).

Hold Studying

Nation
Evaluation

In line with the cybersecurity agency, younger individuals between the ages of 20 and 40 are extra
vulnerable to scams which can be perpetrated through Instagram (32%), Fb
(26%), WhatsApp (9%) and Telegram (7%). The agency additionally discovered that Bitcoin (70%),
Tether (10%) and Ether (9%) are the highest cash scammers select for his or her fraudulent actions.

Giving
an extra breakdown of the numbers, the agency famous that DeFi
protocols accounted for 97% of all stolen cryptocurrency through the first
quarter of the yr.

When
in contrast nation by nation, People misplaced $329 million to crypto scammers
through the first quarter of this yr. Moreover, Australian traders misplaced $166
million all through 2022. On high of that, traders in Hong Kong have misplaced $50 to
crypto fraud because the begin of the yr.

Crypto
Mortgage Rip-off and Rug Pulls

In the meantime,
the variety of circumstances of crypto flash mortgage schemes is on the rise. A flash mortgage
assault happens when a scammer exploits a platform’s sensible contract safety to
borrow large quantities of cash with no collateral.

“In
Q2 2022, 27 flash mortgage assaults resulted in a lack of over $308 million. A flash
mortgage assault on the cryptocurrency buying and selling platform Mango Market resulted in a
lack of $100 million in October 2022. Statistics present flash mortgage assaults
elevated 66.7% in Q2 from Q1 2022,” Miklos Zoltan, founding father of Privateness Affairs
defined.

Moreover,
the agency famous that whereas traders misplaced about $2.8 billion to rug pulls final yr, with over $2.6 billion engulfed by the Turkish crypto alternate, Thodex, 2022 has seen over 188,000 rug pulls on varied blockchains corresponding to BNB and
Ethereum.

“In
Q2 2022, rug pulls generated a complete lack of $37.46 million. In July 2022,
traders misplaced $32.7m after Raccoon Community pulled off an exit rip-off on its
IDO/fundraising mission,” Zoltan defined.

The value of cryptocurrency stolen by hackers inside the first 11 months of the yr rose by 37% to $4.3 billion in 2022, a brand new analysis by cybersecurity and information privateness agency, Privateness Affairs, has discovered.

The agency famous that the collapse of FTX is the biggest cryptocurrency rip-off to this point this yr with about $1-2 billion in buyer funds unaccounted for.

Seize your copy of our newest Quarterly Intelligence Report for Q3 2022 earlier than your rivals and keep up-to-date with essential developments within the Foreign exchange and CFD business!

In line with Privateness Affairs, of the 11 greatest cryptocurrency scams dedicated this yr, the highest 5 are the failure of FTX, the Axie Infinity’s
Ronin Community assault in March ($615 million), the Wormhole crypto bridge hack in February ($320 million), the JuicyFields.io rip-off in July ($273 million) and the Distinctive-Alternate.co/PARAIBA world rip-off
additionally in July ($267 million).

Others are the Nomad cross-chain bridge assault in August ($190 million),
the Beanstalk DeFi mission flash mortgage assault in April ($182 million), the Wintermute hack in September ($160
million), the Elrond blockchain alternate hack in June ($113 million), the Concord
Horizon Bridge hack in June ($100 million) and the Mango Market flash mortgage assault in October
($100 million).

Hold Studying

Nation
Evaluation

In line with the cybersecurity agency, younger individuals between the ages of 20 and 40 are extra
vulnerable to scams which can be perpetrated through Instagram (32%), Fb
(26%), WhatsApp (9%) and Telegram (7%). The agency additionally discovered that Bitcoin (70%),
Tether (10%) and Ether (9%) are the highest cash scammers select for his or her fraudulent actions.

Giving
an extra breakdown of the numbers, the agency famous that DeFi
protocols accounted for 97% of all stolen cryptocurrency through the first
quarter of the yr.

When
in contrast nation by nation, People misplaced $329 million to crypto scammers
through the first quarter of this yr. Moreover, Australian traders misplaced $166
million all through 2022. On high of that, traders in Hong Kong have misplaced $50 to
crypto fraud because the begin of the yr.

Crypto
Mortgage Rip-off and Rug Pulls

In the meantime,
the variety of circumstances of crypto flash mortgage schemes is on the rise. A flash mortgage
assault happens when a scammer exploits a platform’s sensible contract safety to
borrow large quantities of cash with no collateral.

“In
Q2 2022, 27 flash mortgage assaults resulted in a lack of over $308 million. A flash
mortgage assault on the cryptocurrency buying and selling platform Mango Market resulted in a
lack of $100 million in October 2022. Statistics present flash mortgage assaults
elevated 66.7% in Q2 from Q1 2022,” Miklos Zoltan, founding father of Privateness Affairs
defined.

Moreover,
the agency famous that whereas traders misplaced about $2.8 billion to rug pulls final yr, with over $2.6 billion engulfed by the Turkish crypto alternate, Thodex, 2022 has seen over 188,000 rug pulls on varied blockchains corresponding to BNB and
Ethereum.

“In
Q2 2022, rug pulls generated a complete lack of $37.46 million. In July 2022,
traders misplaced $32.7m after Raccoon Community pulled off an exit rip-off on its
IDO/fundraising mission,” Zoltan defined.



Source link

Tags: 4.3bncryptohackersMonthsSteal
Previous Post

Bitcoin Kicks Off Week Above $17K, Sentiment Turns Optimistic

Next Post

Take Seriously This $200,000 Bitcoin Price Prediction For 2025…

Related Posts

Crypto Updates

Bonk Eyes 1M Holders, plans to Burn 1 Trillion Tokens in Major Milestone Move

July 8, 2025
Crypto Updates

Ripple CTO Makes Major Revelations: Early XRP Entry, Mined Bitcoins — Here’s The Details

July 8, 2025
Crypto Updates

ETF Recap: Bitcoin and Ether ETFs Extend Inflow Streaks With $988 Million Weekly Haul

July 7, 2025
Crypto Updates

Why Vitalik wants to cap Ethereum transactions

July 8, 2025
Crypto Updates

Рейтинг проверенных онлайн-казино с моментальными выплатами

July 7, 2025
Crypto Updates

Why Nations Are Rethinking Reserves Following America’s Bold Bet on 200K Bitcoin

July 7, 2025
Next Post

Take Seriously This $200,000 Bitcoin Price Prediction For 2025...

Crypto.com WILL NOT GO BANKRUPT!! CRONOS BREAKING NEWS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Latest Week in Ethereum News : ethereum

December 17, 2022

Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil

July 4, 2025

5 Generations, 1 Team — Heres How to Lead a Multigenerational Workforce

July 7, 2025

🦄 uniswap-universal-router-decoder ✨ v0.8.0 ✨ has just been released !!

March 18, 2023

The four times Bitcoin price fell by Independence Day each year

July 4, 2025

Shenzhen warns citizens of investment scams using stablecoins

July 7, 2025

SELL ALTCOINS NOW? | BITCOIN | CRYPTO NEWS BANGLA | BULL RUN | ALTSEASON | MARKET

37

Why Facebook-Parent Meta Is Willing To Lose Billions On The Metaverse

46

BTC Price Predictions, SUI Fall, HYPE, Trump Coin Scandal & More

42

Bonk Eyes 1M Holders, plans to Burn 1 Trillion Tokens in Major Milestone Move

July 8, 2025

60 Crypto Operators Under Ukraine’s Gun

July 8, 2025

Ethereum Price Hits Support – Can It Launch a Fresh Move Higher?

July 8, 2025

Ripple CTO Makes Major Revelations: Early XRP Entry, Mined Bitcoins — Here’s The Details

July 8, 2025

XRP Price Brewing A Monster Rally? This Patter Might Hold The Key

July 8, 2025

FARTCOIN (FARTCOIN) Price Prediction 2025 2026 2027

July 8, 2025
Telegram Twitter TikTok Youtube RSS
The Dao Makers

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at The Dao Makers.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Fix Driver Errors
  • Launchpads
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 The Dao Makers.
The Dao Makers is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Launchpads
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 The Dao Makers.
The Dao Makers is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In