Almost all $1.7 billion crypto stolen in 2022 has come from DeFi
While illicit activity has fallen in the broader cryptocurrency community, it’s been rising sharply in decentralized finance (DeFi) protocols. Of the $1.7 billion worth of cryptocurrency stolen in 2022, 97% of it has come from DeFi protocols, according to a new report from blockchain analytics firm Chainalysis.
That stat has largely been driven by two huge attacks earlier this year: the $622 million Ronin Bridge at the end of March and the $320 million Wormhole attack in February.