2022 Q3 Blockchain Security Report: $405 million loss, with DeFi and cross-chain bridges being the hardest hit areas.

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Global Blockchain Ecosystem Security Analysis for Q3 2022: Losses of Approximately $405 Million

In the third quarter of 2022, the global Blockchain ecosystem encountered multiple security incidents, resulting in total losses of approximately $405 million. Although the number of attack incidents decreased compared to the previous quarter, there were still more than 37 major attack events.

2022 Q3 Global Blockchain Security Report: Total Loss of Approximately $405 Million, DeFi Becomes a High Accident Area

This quarter's security incidents are mainly concentrated in the DeFi and cross-chain bridge sectors, which account for 92% of the total loss amount. Among them, the losses on the Ethereum network are the most severe, reaching 374.28 million dollars.

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High-Incident Area

From the perspective of attack methods, contract vulnerabilities and private key leaks are the main causes of losses, accounting for 92% of the total loss amount. This highlights the importance of smart contract security audits; however, data shows that only 40% of projects have undergone security audits.

2022 Q3 Global Blockchain Security Report: Total Loss of Approximately $405 Million, DeFi Becomes Accident Prone Area

It is worth noting that approximately $240 million of stolen funds have flowed into anonymous mixing tools. This reflects the significant challenges that the current blockchain ecosystem still faces in terms of fund tracking and security protection.

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High Incident Zone

In terms of the types of attacked projects, DEX, lending platforms, and cross-chain bridges are the hardest hit areas. These complex DeFi applications often involve large amounts of funds and intricate smart contract interactions, making them the preferred targets for hackers.

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High Incident Area

Although the number of attack incidents has decreased this quarter, the amount of damage caused by each incident has shown an increasing trend. This indicates that hacker attacks are becoming more precise and efficient, raising higher security requirements for Blockchain projects.

To enhance the overall security of the blockchain ecosystem, it is recommended that project parties strengthen the following aspects of their work:

  1. Pay attention to the security audit of smart contracts, especially key contracts involving large amounts of funds.

  2. Strengthen private key management by adopting multi-signature and other security mechanisms to reduce single point of failure risks.

  3. Regularly conduct security assessments and vulnerability scans, and promptly fix identified security risks.

  4. Establish an emergency response mechanism to be able to respond quickly in the event of an attack, minimizing losses to the greatest extent.

  5. Strengthen cooperation with security companies and white hat hackers to detect and fix potential risks in advance through bounty programs.

Overall, as blockchain technology continues to develop and its application scope expands, security issues will remain a focal point of industry concern. Only by continuously enhancing security awareness and strengthening technical safeguards can we build a safer and more reliable blockchain ecosystem.

2022 Q3 Global Blockchain Security Report: Total Loss Approximately $405 Million, DeFi Becomes High Incident Area

2022 Q3 Global Blockchain Security Report: Total loss of approximately $405 million, DeFi becomes a high incidence area for accidents

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High Accident Zone

2022 Q3 Global Blockchain Security Report: Total Loss Approximately $405 Million, DeFi Becomes a High-Incidence Area

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes High Incident Area

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High-Incident Area

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes High-Incident Area

Q3 2022 Global Blockchain Security Report: Total Loss Approximately $405 Million, DeFi Becomes High Incident Area

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High Incident Zone

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes High-Incident Area

2022 Q3 Global Blockchain Security Report: Total Loss of Approximately $405 Million, DeFi Becomes Accident Prone Area

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes High Incident Area

2022 Q3 Global Blockchain Security Report: Total Loss Approximately $405 Million, DeFi Becomes High Incidence Area

2022 Q3 Global Blockchain Security Report: Total losses of approximately 405 million USD, DeFi becomes a high incidence area for accidents

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High-Incident Area

2022 Q3 Global Blockchain Security Report: Total Loss Approximately $405 Million, DeFi Becomes High Incident Area

2022 Q3 Global Blockchain Security Report: Total Loss Approximately $405 Million, DeFi Becomes High Incidence Area

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes High-Frequency Accident Zone

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High-Incident Area

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes High Incident Area

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High-Frequency Accident Area

2022 Q3 Global Blockchain Security Report: Total Loss Approximately $405 Million, DeFi Becomes a High-Risk Area

2022 Q3 Global Blockchain Security Report: Total Loss of Approximately $405 Million, DeFi Becomes Accident-Prone Area

2022 Q3 Global Blockchain Security Report: Total losses of approximately $405 million, DeFi becomes a high-risk area for accidents

Q3 2022 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes High Incident Area

2022 Q3 Global Blockchain Security Report: Total Loss Approximately $405 Million, DeFi Becomes High Incident Area

2022 Q3 Global Blockchain Security Report: Total Loss of Approximately $405 Million, DeFi Becomes a High Incident Area

2022 Q3 Global Blockchain Security Report: Total Losses Approximately $405 Million, DeFi Becomes a High Incident Area

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RuntimeErrorvip
· 2h ago
The security always makes people anxious...
View OriginalReply0
CryingOldWalletvip
· 2h ago
Brothers are really miserable.
View OriginalReply0
MetaverseHobovip
· 2h ago
Still being Be Played for Suckers.
View OriginalReply0
WalletManagervip
· 2h ago
It's the leak of Private Key again that affects the new suckers who don't learn from their mistakes.
View OriginalReply0
CryptoPhoenixvip
· 2h ago
Once again awakened by the pain of suckers' blood, but I still believe that crossing the cycle will surely be the king.
View OriginalReply0
RiddleMastervip
· 2h ago
400 million? Poor math, continue to play people for suckers next season.
View OriginalReply0
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