The Number of Cryptocurrency Hacks Continues to Rise Each Year: Here's the Data

Reza Pahlevi 04/08/2022 15:00 WIB

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As of August 3, 2022, 101 cryptocurrency hacking attacks had been recorded in 2022.

Number of Crypto-related Attacks (2011-2022)

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Number of Crypto-related Attacks (2011-2022)

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Two major crypto-related hacks, targeting Nomad and Solana, occurred in early August. The number of crypto attacks shows a yearly upward trend.

In 2022, 101 attacks were recorded up to August 3rd, 2022. This number is approaching the 2021 figure of 124 crypto-related attacks. This represents a significant jump from the 50 attacks recorded in 2020.

Comparitech reports that total crypto asset losses from hacks reach US$7.26 billion when calculated at the value at the time of each incident. With the increase in crypto valuation, this loss could reach US$34.26 billion based on current crypto valuations.

The largest loss from a crypto hack occurred in March 2022. The attack on Ronin Network resulted in losses of up to US$620 million. Then, in early August, the attack on Nomad is estimated to have resulted in losses of up to US$200 million.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."