$3.9 billion misplaced in the cryptocurrency market in 2022: File

Immunefi, a malicious program bounty and security providers and products platform for the Web3 ecosystem, printed a document on Jan. 6 revealing that the crypto replace misplaced a total of 3.9 billion greenbacks in 2022.

In step with the document, hacks were found to be the important thing motive for the losses, accounting for 95.6% of the total, with fraud, scams, and rug pulls comprising the final 4.4%. Immunefi additionally found that decentralized finance (DeFi) became as soon as potentially the most targeted sector, suffering 80.5% in losses, when put next with centralized finance (CeFi) which suffered a lack of 19.5%. In step with the document:

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