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    Sonal Shridhar Shinde in Crypto News

    02-Jan-2023 11:45 AM


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    $62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK

    Cryptocurrency hackers and exploiters seemingly slowed down for the 2022 holidays as December saw $62.2 million worth of cryptocurrencies stolen, the “lowest monthly figure” of the year, according to CertiK. The blockchain security company on Dec. 31 tweeted a list of the month's most significant attacks.
    #CertiKStatsAlert Combining all the incidents in December we’ve confirmed ~$62.2M lost to exploits, hacks, and scams.
    The Helio trader quickly deposited aBNBc tokens to borrow 16 million HAY, causing the loan to be significantly undercollateralized, leading to the protocol's loss and a depeg of its stablecoin.
    Days after the exploit, the hacker returned the funds stolen from the v1 protocol to an address controlled by Defrost, though funds are yet to have been returned for the v2 hack.
    Related: Crypto’s recovery requires more aggressive solutions to fraud The December figure is much lower than the month prior, seeing an 89.5% decrease from the $595 million worth of exploits across 36 major incidents CertiK recorded in November, a figure largely skewed by the $477 million hack of crypto exchange FTX.
    Remember to always #DYOR and read the audit reports!
    Source: Cointelegraph
    #Crypto