• December 5, 2023


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The Combined Losses of Crypto Users and Investors Almost Hit $64B in 2022

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According to HAPI Labs researchers, last year there were 359 different incidents in the crypto industry, including hacks and bankruptcies, which caused a combined damage of more than $63.9 billion.

They have concluded that 188 cases are directly related to hacker attacks, 133 of which occurred in the DeFi industry. The remaining 171 incidents include bankruptcies, exit scams and other fraudulent activities by companies. In addition, 154 cases, which is actually 90% of the cases, were rug pull schemes.

The six major bankruptcies of last year accounted for 90.2% of the total, whereas the combined damage from exploits and hacks was $3.8 billion, or 5.9% of the total.