December saw $62 million worth of tokens stolen, scammed, or attacked, making it the least harmful month in 2022 in terms of money lost to nefarious activities. By shauryamalwa
Crypto market participants had few reasons to cheer in the last month of 2022 – with a low attack and theft figure among one of them.
The year, overall, saw over $3.7 billion lost to various attacks, hacks and scams – making 2022 the worst year in the market’s history so far. Attackers gained over $3.2 billion in 2021. But 2022 was off to an even rockier start with a $325 million exploit of popular cross-chain service Wormhole, which was followed by a $625 million attack on Axie Infinity’s Ronin bridge, and then a $200 million exploit of the Nomad bridge.were the top attacks in December.
Flash loans are a popular way for attackers to gain funds to conduct exploits on decentralized finance systems.
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