The Crypto Markets are Calmer with Bitcoin Finding Fresh Support, letting the Fear Abate

According to a report, the Crypto Sector Lost around $3.9 Billion in 2022

  • 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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