$4.3bn Got Stolen in Crypto!!

The failure of FTX, Axie Infinity's Ronin Network attack in March ($615 million), the Wormhole crypto bridge hack in February ($320 million), the JuicyFields.io scam in July ($273 million), and the Unique-Exchange.co/PARAIBA world scam also in July ($267 million) are the top five cryptocurrency scams committed this year, according to Privacy Affairs.

The Wintermute hack in September cost 160 million dollars, the Beanstalk DeFi project flash loan attack in April cost 182 million dollars, the Nomad cross-chain bridge attack in August cost 190 million dollars, the Elrond blockchain exchange hack in June cost 113 million dollars, the Harmony Horizon Bridge hack in June cost 100 million dollars, and the Mango Market flash loan attack in October cost 100 million dollars.

The cybersecurity company claims that young people between the ages of 20 and 40 are more vulnerable to scams that are carried out via WhatsApp (9%) and Telegram (7%), Facebook (26%), Instagram (32%), and Telegram (26%). The company also discovered that the top three coins chosen by scammers for their fraudulent activities are Bitcoin (70%), Tether (10%), and Ether (9%).

Giving a more detailed breakdown of the figures, the company stated that 97% of all...full detail: https://www.wikifx.com/en/newsdetail/202212064254528039.html?source=emily