From 2012 to present, over $30 billion in crypto has been hacked in 1,101 documented incidents, a July 7 report from SlowMist hasAccording to the blockchain security firm, the top-five most common hacks include smart contract vulnerabilities, rug pulls, flash loan attacks, scams, and private key leaks. The losses represent roughly 2.5% of the current market capitalization of cryptocurrencies.
Out of total incidents, there were 118 exchange hacks, 217 Ethereum ecosystem hacks, 162 BNB Chain ecosystem hacks, 119 EOS ecosystem hacks, and 85 hacks related to nonfungible tokens, or NFTs. Exchange losses were the steepest, amounting to over $10 billion lost in the past decade. Hack events with over $1 billion lost peaked in the early 2010s, and from 2019 to 2021. Security incidents have been somewhat muted from 2022 onwards, which is consistent with other reports.related incidents have soared to an astounding $30 billion!
In light of these staggering numbers, it's abundantly clear that projects and users alike need to place a much higher…