December lowest month 2022 for cryptodief steels: Certik
December lowest month 2022 for cryptodief steels: Certik
The digital asset industry experienced many unprecedented events in 2022, which made it one of the worst years in crypto history. Despite the challenges, the activity of cybercrime in December decreased significantly compared to the previous months such as October, in which crypto hacks and theft.
According to the blockchain security company Certik, the industry suffered losses of around $ 62.2 million in December, which represents the lowest monthly value in 2022.
cybercrime activity takes off in December
The blockchain secret service company Chainalysis announced that the industry lost more than $ 3 billion from January to October 2022.
October was called "hacktober" due to the number of crypto hacks during the period. The month ended with 44 attacks attacks with a damage of $ 657 million.
The cryptodie thieves slowed down in December, with only a few companies being affected. While there were eleven exploits within the first two weeks in October, which led to losses of more than $ 500 million, there were only eleven attacks in the course of the month in December.
The victims of cryptododie in December were the helium protocol, Defrost Finance, Bitkeep, Ankr, Lodestar and the Raydium protocol, which lost about 15 million, 12.9 million, 8, 7, 6.5 and 5.5 million. or.
If we summarize all incidents in December, we have confirmed that ~ $ 62.2 million have been lost through exploits, hacks and fraud.
The lowest monthly value this year.
Exit fraud amounted to ~ $ 15.5 million $
flashloans amounted to ~ 7.6 million dollars
See the details below 👇 pic.twitter.com/1ub3Myvv6k
-Certik-alarm (@Certikalert) 31. December 2022
lightning credit and rug pulls amount to $ 23 million
Apart from crypto hacks, the industry suffered losses of around $ 7.6 million through Flash Loan attacks and $ 15.5 million through exit fraud, also known as RUG Pulls.
Exit fraud occurs when software developers create and start a project just to give it up after luring wealthy investors onto the platform.
An example of this fraud is the alleged carpet train on the Defrost Finance platform on December 23. According to reports, the defi protocol suffered a flash-loan attack on its V2, which led to the loss of millions of dollars that belonged to the users.
While the blockchain security company Certik claimed that the attack was an exit scam after it had carried out examinations, the cryptocurrency security company Peckshield also claimed that it was a Rug sweater because it had received information from the community before the incident.
The security company Defiyieldsec focused on Defi also claimed that an insider had committed the attack, and claimed that the multi-sig letter bag with which an oracle change was requested before the attack belonged to the creator of the protocol.
On December 29, Defrost Finance contested these allegations and called it "slanderer and imprecise". The protocol said it has regained the funds and plan to pass on the stolen assets to affected users.
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