Coin Gabbar Token

<h2 id="header-0">Even though it might seem like a lot of money to be taken and conned out of, it is really down 51.2% from 2021, when over $8 billion was taken.</h2>On a quarterly and annual basis, Immunefi, a platform for bug bounties and security services for Web3, estimates the amount of cryptocurrency funds lost due to breaches and frauds. In their recently released research &#34;Crypto Losses in 2022,&#34; they discovered that $3.9 billion (or $3,948,856,037) worth of cryptocurrency was lost or stolen throughout the Web3 ecosystem in 2022.The study discovered that $174 million was lost to fraud in 34 distinct schemes, and that $3.7 billion was lost to hackers in 134 different hacking cases.Ronin Network, BNB Chain, Wormhole, and <a href="https://www.coingabbar.com/en/crypto-currency/ftx-token-ftt-prices-usd" rel="noopener noreferrer nofollow">FTX </a>were the four projects that lost the majority of those funds.Although it might seem like a lot of money to be taken and conned out of, the research shows that it is really down 51.2% from 2021, when over $8 billion was taken.<h3 id="principal-loss-trends">Principal Loss Trends</h3>The report found that hacking accounted for 95.6% of all losses, making it the most common cause of losses. Whereas, 4.4% of the overall losses were caused by frauds, scams, and rug pulls.In 2022, both centralised and decentralised finance (DeFi and CeFi) experienced significant declines. The <a href="https://www.coingabbar.com/en/crypto-currency/terra-luna-2-luna-prices-usd" rel="noopener noreferrer nofollow">Terra</a>/LUNA ecosystem collapsed in 2022, and the centralised cryptocurrency exchange FTX also failed.DeFi, which accounted for 80.5% of total losses and CeFi, which accounted for 19.5%, was also the primary target of hacking.DeFi losses increased from $2 billion in 2021 to $3.18 billion (in 155 different instances) in 2022, a 56.2% increase. Between 2021 and 2022, CeFi&#39;s losses dropped by 87.3%, from $6 billion to $768.8 million.With 65 and 49 occurrences, respectively, the BNB Chain and Ethereum were the two most often targeted blockchains in 2022. Ethereum and BNB Chain were responsible for 63.3% of all blockchain attacks. With 12 instances, or 6.7% of all attacks in 2022, Solana came in third.Unless all projects, blockchains, protocols, and other digital asset organisations prioritise security, cryptocurrency &#34;losses&#34; are projected to be in the billions by 2023.

3.9$ Bn Stolen Crypto Assets ,Dropped 51%

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