$100's Millions Stolen so Far in 2022

$100's Millions Stolen so Far in 2022

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Mike
Mike

An editor at Coincrop


01 Nov 2022 | 2 min read
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O

ctober has been exceptionally fruitful for crypto criminals, setting new records for the month in both exploits and total digital loot stolen.

As of October 31st, 2022, PeckShield estimated that $2.98 billion in digital assets had been stolen, which is almost double the amount lost throughout the whole of 2021.

According to the study, "Hacktober" saw around 44 exploits that affected 53 protocols. This allowed malicious hackers to steal $760 million dollars last month. Out of that sum, $100 has been returned so far.

According to DeFiYield’s Rekt Database, several other sizable crypto scams occurred in October, with Freeway crypto yield platform classified as a $60 million rug pull being one of the largest. Other examples include Transit Swap losing $29 million and Team Finance taking a $13 million hit. Moola Market losted significantly less at only around 9$ million.

Over $1 billion was stolen from cryptocurrency investors in October through various means including rug pulls, Ponzis, and direct protocol exploits. DeFiYield's report from last month showed the disastrous aftermath for hacking.

The report went on to state that almost $890 million in crypto funds had been recovered so far this year.

 


Mike

Mike

An editor at Coincrop
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Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.


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