{"id":16069,"date":"2023-01-03T12:32:51","date_gmt":"2023-01-03T12:32:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-incidents-involving-exit-scams-hacks-and-code-exploits-reach-record-low-in-december-2022-according-to-certik-bitcoin-news\/"},"modified":"2023-01-03T12:32:51","modified_gmt":"2023-01-03T12:32:51","slug":"crypto-incidents-involving-exit-scams-hacks-and-code-exploits-reach-record-low-in-december-2022-according-to-certik-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-incidents-involving-exit-scams-hacks-and-code-exploits-reach-record-low-in-december-2022-according-to-certik-bitcoin-news\/","title":{"rendered":"Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to Certik \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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According to blockchain security company Certik, the number of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the lowest monthly figure of the year. Certik noted that the combined incidents amounted to $62.2 million \u201clost to exploits, hacks, and scams.\u201d<\/strong><\/p>\n

Record Low Cyber Attacks in December 2022 Result in $62.2 Million in Losses<\/h2>\n

On Dec. 31, 2022, Certik <\/a>tweeted<\/a> that the last month of the year saw the least amount of exploits, hacks, and scams. All the incidents combined added up to roughly $62.2 million, and Certik noted it was the \u201clowest monthly figure\u201d of the year.<\/p>\n

Certik detailed that exit scams accounted for $15.5 million, and flashloan attacks represented $7.6 million. The largest flashloan attack came from the Lodestar exploit<\/a>, and the largest exit scam was Defrost Finance.<\/p>\n

The following day, on Jan. 1, 2023, Certik said<\/a> that the exploits, hacks, and scams from the previous month stemmed from \u201c23 major attacks.\u201d The largest incident that occurred was the Helio Protocol and stablecoin attack.<\/p>\n

\"Crypto<\/p>\n

Despite the 23 occurrences that saw $62.2 million lost, the month prior, in Nov. 2022, Certik explained<\/a> that there were \u201c36 major attacks\u201d that amounted to $595 million lost. The largest incident in Nov. 2022 was the FTX hack<\/a>, which took place the same day the company filed for Chapter 11 bankruptcy protection.<\/p>\n

$477 million was stolen during the FTX hack, and the second-largest incident in Nov. 2022 was Deribit\u2019s <\/span>loss of $28 million<\/span><\/a>. 2022 saw a record number of hacks, and the slowdown in Dec. 2022 was a welcome relief for many. <\/span><\/p>\n

According to statistics, besides the FTX hack in Nov. 2022, the largest hacks included Binance Smart Chain\u2019s <\/span>token hub exploit<\/span><\/a>, which saw the loss of $569 million, the <\/span>Ronin bridge breach<\/span><\/a>, which saw $540 million drained, and the <\/span>Wormhole exploit<\/span><\/a>, which saw $326 million stolen. <\/span><\/p>\n

On Dec. 15, 2022, Elliptic noted<\/a> that roughly $2.7 billion was siphoned from decentralized finance (DeFi) protocols. Blockchain security firm Peckshield estimated that there was $1.55 billion taken from defi protocols in 2021.<\/p>\n

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\nTags in this story
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Binance Smart Chain<\/a>, Blockchain<\/a>, certik<\/a>, Chapter 11 bankruptcy protection<\/a>, code exploits<\/a>, Cryptocurrency<\/a>, December 2022<\/a>, decentralized finance<\/a>, Defi protocols<\/a>, Defrost Finance<\/a>, deribit<\/a>, exit scams<\/a>, Exploits<\/a>, flashloan attacks<\/a>, FTX Hack<\/a>, Hacks<\/a>, Helio Protocol<\/a>, incidents<\/a>, Lodestar exploit<\/a>, lost<\/a>, major attacks<\/a>, monthly figure<\/a>, Nov. 2022<\/a>, record low<\/a>, Ronin bridge breach<\/a>, Scams<\/a>, security company<\/a>, stablecoin attack<\/a>, token hub exploit<\/a>, Wormhole Exploit<\/a><\/div>\n<\/div>\n

Do you have an opinion on the relatively low number of exploits, hacks, and scams that occurred in Dec. 2022? Please share your thoughts on this topic in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Certik<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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