In 2022, Crypto Assets hacker attacks reached a historic high, with losses exceeding $3 billion.

The year 2022 was a turbulent one for the Crypto Assets market, but it was a bumper season for Hackers. According to data platforms, since October alone, the Crypto Assets industry has suffered losses of at least $718 million.

So far this year, the crypto industry has lost over $3 billion due to 125 hacker attacks. If this trend continues, 2022 is likely to become the highest year in history for the total value of stolen Crypto Assets.

Analysis shows that the hacker's attack targets have shifted from exchanges in 2019 to DeFi protocols in 2022. These protocols are typically based on public chains that deploy smart contracts, allowing investors to trade, lend, and borrow without intermediaries.

Hacker attacks the DeFi market by exploiting security vulnerabilities in the code and architecture. As an important ecosystem in the crypto assets industry, participants in the DeFi market have a responsibility to enhance security measures.

October became the most active month for hackers in 2022, with significant losses caused by cross-chain bridge vulnerabilities. Three cross-chain bridges alone suffered attacks totaling nearly $600 million, accounting for 82% of the crypto losses that month and 64% of the losses for the entire year. On October 12, a decentralized exchange platform was attacked by hackers, resulting in losses of up to $115 million.

In the top ten Crypto Assets attacks before 2022, hackers stole a total of over $1.7 billion. Cross-chain bridges became a primary target, with several well-known projects suffering significant losses. The most recent attack occurred on October 7, when the official bridge of a well-known trading platform was compromised by hackers, resulting in approximately $100 million being unrecoverable.

It is worth noting that some hacker organizations supported by certain countries have also begun to target DeFi platforms. Earlier this year, there was evidence that a hacker group linked to North Korea stole approximately $1 billion in Crypto Assets from DeFi protocols.

These data highlight the severe security challenges faced by the Crypto Assets industry, and all parties need to work together to strengthen security measures in response to the increasingly complex Hacker threats.