The value of stolen cryptocurrency by hackers within the first 11 months of the year rose by 37% to $4.3 billion in 2022, which was discovered by new research conducted by a cybersecurity and data privacy firm, Privacy Affairs.
The firm noted that the collapse of FTX is the largest cryptocurrency scam so far this year with about $1-2 billion in customer funds unaccounted for.
According to Privacy Affairs, of the 11 biggest cryptocurrency scams committed this year, the top five are the failure of FTX, the Axie Infinity’s
Ronin Network attack in March ($615 million), the Wormhole crypto bridge hack in February ($320 million), the JuicyFields.io scam in July ($273 million) and the Unique-Exchange.co/PARAIBA world scam
also in July ($267 million).
Others are the Nomad cross-chain bridge attack in August ($190 million),
the Beanstalk DeFi project flash loan attack in April ($182 million), the Wintermute hack in September ($160
million), the Elrond blockchain exchange hack in June ($113 million), the Harmony
Horizon Bridge hack in June ($100 million) and the Mango Market flash loan attack in October
($100 million).
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Analysis
According to the cybersecurity firm, young people between the ages of 20 and 40 are more
susceptible to scams that are perpetrated via Instagram (32%),…
