Over $2.77 billion worth of crypto was lost to hacks, exploits, and attacks in 2022, according to CoinGecko’s recent research.
Around 47% of this amount — equating to $1.30 billion — was stolen using a diverse range of methods including market manipulation, bypassing the verification process, and exploiting minor errors, according to the CoinGecko report.
Most damaging methods
“Crypto hackers are exploring unconventional ways of stealing from projects and users,” states the report, after exploring the methods attackers preferred in 2022.
The results showed that nearly half of the total amount was stolen using new methods which were not included in the categories.
Methods used in attacks in 2022 (Source: CoinGecko)
The largest heist of the year was Axie Infinity’s Ronin Bridge hack, which is categorized under the access control category. The attackers managed to steal over $615 million in Ethereum (ETH), which makes up over 58% of the total access control hacks.
The second,
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