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It is no secret that the Web3 and DeFi worlds experienced major exploits, attacks and threats in 2022.
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The top 10 most exploited vulnerabilities alone lost more than $2 billion, from the Ronin bridge attack to the Nomad hack.
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The Beosin Global Web3 Security Report 2022 revealed that DeFi was the most at-risk of the 167 security incidents in the past year.
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DeFi projects were attacked in approximately 67.6% of all recorded attacks.
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The attack on exchanges projects that use NFT, cross-chain bridges, wallets, and wallets follow.
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The report states that DeFi projects placed second in terms of monetary loss, with losses totalling $950 million.
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This is in addition to the $1.89 trillion lost in cross-chain bridge operations in the past year.
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All types of attacks on projects were responsible for $3.6 billion in losses in 2022.
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This represents a 47.4% increase over the $2.4 billion in security-related incidents that were lost last year.