Coinspeaker
December 2022 Crypto Attacks Constituted Relatively Low $62M Loss
According to a Coindesk report, December had the least number of crypto attacks for 2022. However, the report, citing blockchain audit firm CertiK, noted that scams and hacks accounted for a massive $3.7 billion loss throughout last year. This fact makes 2022 the worst year for criminal activities in the history of the crypto and blockchain sectors.
Despite 2022 being an uneventful year by way of crypto attacks, the month of December provided a few cheer-worthy instances for market participants. There was $62 million worth of stolen tokens, scams, or hacks last month, which made it the least harmful month. By contrast, an overwhelming $595 million worth of crypto-based attacks happened in November 2022.
Closer Analysis of December 2022 Crypto Attacks
The two most notable crypto attacks in December 2022 were the Defrost Finance $12 million hack and Helio Protocol $15 million exploit. Defrost Finance’s attac
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