The Crypto Markets are Calmer with Bitcoin Finding Fresh Support, letting the Fear Abate
  • According to Immunefi, a bug bounty and security services platform, the crypto sector lost US$3.9 billion in 2022.
  • It said that in 2022, hacking remained the leading source of losses at 95.6%, with rug pulls, frauds, and scams, accounting for just 4.4% of overall losses.
  • As per Immunefi, this figure marks a 58.3% rise over 2021, when hacking losses totaled US$2.38 billion.
  • DeFi sustained losses of $3.18 billion in 2022, spread among 155 incidents.
  • This loss figure reflects a 56.2% increase over 2021 when DeFi lost $2.04 billion in 107 occurrences.

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Mridul Srivastava

By Mridul Srivastava

Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.