BlocksInform
Statistics from certik revealed that in December, $62.2 million was lost as a result of crypto hacking. The most recent month of the year was the lowest month in 2022.
The platform has confirmed that the cumulative losses have exceeded 3.76billion dollars.
Biggest Crypto Hacks of December
According to the platform, the Helio Protocol breach was the biggest event of the previous month, with a $15M loss. Helio protocol has created hay, a "destablecoin" that uses nbb as security. Over-pledged has a return of 7%.
The attacker used the ankr protocol by changing the ankr reward bearing staked bnb (abnbc) in hbnb and tagged it in the helio protocol. After that, they lent millions in bhay0 in exchange for the hay0. Hay deposited at $0.40 as a result of the feat, but has since recovered its equilibrium with the dollar after a buyout and a burn by the development team.
Combining all the incidents in December we’ve confirmed ~$62.2M lost to exploits, hacks and
The lowest monthly figure this year.
Exit scams were ~$15.5M
Flashloans were ~$7.6M
Can you see details below?? pic.twitter.com/1ub3mYVv6K
— CertiK Alert (@CertiKAlert) December 31, 2022
The second largest incident of December was Defrost Finance’s loss of over $12M to an alleged flash loan attack. It looks like the hacker hacked the defroster's v1 protocol to siphon $173,000. In a more serious aggression v2, an author liquidated the assets of the users with the help of a bogus collateral token and a fraudulent price , stealing 12.9 million dollars.
Bitkeep, ankr, and lodestar hacks, along with other violations, were the highlights of the month. According to the certik, the exit scam resulted in losses of 15.5 million dollars. Meanwhile, instantaneous lending has roughly siphoned $7.6 million; a decrease was observed in the second half of 2022. April had lost a massive sum of 300.5 million dollars in similar feats, with the largest lightning strike on lodestar.
March and November Win Worst Months of 2022
Looking at the major incidents through 2022, March and November win the award for worst months. More than $715 million was lost in March as a result of exploits, and about $595 million was stolen in November. The months of January, May, July and December have been relatively quiet on the exploitation and scam front, with smaller losses of $179 million, $98.8 million, $65.5 million and $61 million, respectively.
The November update reported that 36 major attacks were recorded during the month, resulting in losses of $595 million. FTX $477m hack flagged that month's biggest. The alarming rise in piracy was probably the second most notable trend of the year, after the disappearance of many crypto titans such as celsius and ftx.
36 major attacks were recorded in November totalling a loss of ~$595 Million.
As usual, ensure that a project is audited.
Don't forget to read audit reports at all times! pic.twitter.com/UhiDU2itAm
— CertiK Alert (@CertiKAlert) December 1, 2022
Cross-chain bridges remain the most commonly exploited.
Research by the cryptocurrency data aggregator Token Terminal previously claimed that 50% of DeFi vulnerabilities target cross-chain bridges.
Meanwhile, at the start of the new year, a veteran developer disclosed that he had lost $3.6 million worth of Bitcoin, demonstrating the perils of self-custody.
