DeFi Recap-the Focus of Hacking 2022 Q2
How time flies! 2022 is over halfway. In this article, DeHacker and TrustFi, a community-driven incubator for crypto startups, will jointly review the hacker attack data in the second quarter of 2022.
In the second quarter of 2022, the total losses in Web 3 due to hacking attacks were approximately $718.34 million, a decrease of approximately 40% from the $1.2 billion in the first quarter, and 2.42 times the loss in the second quarter of 2021.
From January to June 2022, the total amount of losses due to attacks in the Web 3 field reached approximately $1.91287 billion. DeFi is still the most attacked project type, with about 79.2% of the attacks occurring in the DeFi field. The total loss amount is about 454.74 million US dollars, accounting for 63.3% of the total loss amount in Q2.
Two cross-chain bridge attacks continued to occur during the quarter, with cumulative losses of approximately $100 million. In the first quarter of 2022, the total losses from the four cross-chain bridge attacks amounted to US$950 million. This brings the amount of losses due to cross-link bridge attacks to US$1,050 million in the first half of 2022.
Approximately 45.8% of attacks this quarter exploited smart contract vulnerabilities, the vast majority of which could be found and fixed during the audit phase.
However, only half of the projects attacked were audited!
We recommend that all projects should seek out a professional auditing firm before going on the chain!
About TrustFi
TrustFi is committed to providing decentralized BaaS (Blockchain-as-a-Service) solutions for DeFi market based on multichain environments. A complete set of product portfolios developed by TrustFi, including Decentralized Community Driven Incubator (TrustFi Booster), IDO General Protocol with an insured mechanism (TrustFi LaunchPad), and Automated Farm Pools (AFP) Contract (TrustFi Farmer), which is an important supplement to the DeFi infrastructure built on Web 3.0.
Website | Twitter | Blog | Telegram |
About DeHacker
DeHacker is a team of auditors and white hat hackers who perform security audits and assessments. With decades of experience in security and distributed systems, our experts focus on the ins and outs of system security. Our services follow clear and prudent industry standards. Whether it’s reviewing the smallest modifications or a new platform, we’ll provide an in-depth security survey at every stage of your company’s project. We provide comprehensive vulnerability reports and identify structural inefficiencies in smart contract code, combining high-end security research with a real-world attacker mindset to reduce risk and harden code.
