Web3 Lost Nearly $4 Billion To Fraudsters Last Year - Will Things Improve in 2023

The crypto industry lost approximately $4 Billion worth of digital assets to hacks, fraud, scams, and rug pulls last year, a more than 50% decline compared to over $8 billion stolen in 2021. According to a recent report by Immunefi, a bug bounty and security services platform for the Web3 ecosystem, the crypto space lost $3,9 billion in 2022, with five major exploits totaling $2,361,000,000 alone, accounting for 59.8% of all losses in the year. ... Read More: Web3 Lost Nearly $4 Billion To Fraudsters Last Year - Will Things Improve in 2023