Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021

Blockchain security firm Peckshield shared the stats on Halloween night, but also added the month saw $100 million in crypto returned.

The month of October has broken all records for crypto exploits and the amount of digital loot pilfered — living up to its new moniker of “Hacktober” — according to the latest figures.

On Oct. 31, blockchain security firm PeckShield tweeted some scary statistics for the month, reporting a total of $2.98 billion in stolen digital assets as of Oct. 31, 2022, which is nearly double the $1.55 billion lost in all of 2021.

“Hacktober” saw around 44 exploits affecting 53 protocols, it added. Malicious actors made off with a whopping $760 million in the month, however, $100 million had been returned. 

#PeckShieldAlert ~44 exploits (53 protocols affected) grabbed ~$760.2M in Oct. 2022, and ~$100M already returned the exploited protocols (Total loss: $657.2M)
As of October 2022, the stolen funds (~$3B) in 2022 “doubled” last year’s loss pic.twitter.com/mKZAjVk7UU

— PeckShieldAlert (@PeckShieldAlert) October 31, 2022

After October, March was the second-highest month for hacked funds with just under $710 million stolen. The majority of this was from the Ronin bridge exploit which resulted in $625 million in crypto assets being pilfered.

The top exploit for October was by far the BNB Chain which lost $586 million according to PeckShield. It listed the Mango Markets DeFi protocol as second, despite it including an agreement with the exploiter to return some of the funds.

There were several other notable exploits in October according to DeFiYield’s Rekt Database. These include the Freeway crypto yield platform which it classified as a $60 million rug pull, Transit Swap which lost $29 million, Team Finance taking a $13 million hit, and Moola Market losing $9 million.

Related: Barely halfway and October’s the ‘biggest month’ in crypto hacks

DeFiYield released its own report on Nov. 1 depicting the dire state of the hackfest that took place last month.

It claims that more than $1 billion was lost to crypto scams in October though it includes what it considers as rug pulls and Ponzis in addition to direct protocol exploits. DeFiYield reported 35 total incidents for the month, 15 of which were rug pulls.

On a brighter note, the report stated that almost $890 million in crypto funds had been recovered so far in 2022.

Related Posts

Bitcoin ‘millionaire’ wallets drop 80% in year of BTC price bear market

Twelve months after Bitcoin’s last all-time high, seven-figure BTC balances have taken a hit. Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80%…

Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit

While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the…

Dogecoin, Solana, XRP Lead Post-Thanksgiving Gains as Bearish Sentiment Wanes

DOGE is up by a double-digit, while XRP has gained by 7% in the last seven days. The overall crypto market valuation is up as tokens recover…

Top 5 Most Expensive BAYC NFTs Ever Sold

The NFT landscape has become a flourishing ecosystem enabling creators to embark remarkable NFTs to marketplaces worldwide. One such creator is Yuga Labs, the brain behind the Bored…

Russia President Putin Calls For Blockchain-based International Payment System

Russian President Vladimir Putin said there is a need for a new and independent international settlement system amidst the sanctions and restrictions placed on his country. President…

Putin calls for blockchain-based international payment system

The Russian President criticized Western’s sanctions and urged for a system “independent of external interference”. Russian President Vladimir Putin criticized monopoly in global financial payment systems and…

Generated by Feedzy