Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022.
Immunefi also found that decentralized finance (DeFi) was the most targeted sector, suffering 80.5% in losses, compared to centralized finance (CeFi) which suffered a loss of 19.5%.
According to the report: “DeFi has suffered $3,180,023,103 in total losses in 2022, across 155 incidents.
As we make the industry safer, everything else can flourish.”
In December 2022, $62 million worth of funds were stolen from decentralized finance (DeFi) protocols.
Although this figure was lower than in previous months, cybersecurity experts warned that the ecosystem will not see a decrease in exploits, flash loans, or exit scams in 2023.
Source: Cointelegraph