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DeFi exploits and access control hacks cost crypto investors billions in 2022: Report

Published 02/13/2023, 02:00 PM
Updated 02/13/2023, 03:40 PM

Cyber criminals used a variety of novel ways to carry out hacks and exploits in 2022, with over $2.8 billion of cryptocurrency stolen last year.

According to a report from CoinGecko using data sourced from DeFiYield’s REKT Database, nearly half of the total crypto stolen in 2022 was fleeced using diverse methods. This includes bypassing verification processes, market manipulation, ‘crowd looting’ as well as smart contract and bridge exploits.

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