Hackers stole $670 million in cryptocurrency in Q2 2022

The number of attacks on digital assets has doubled compared to the beginning of the year, but the total amount of losses has decreased
In April-June, there were 50 hacks due to which crypto platforms lost more than $670 million, according to a report  from ImmuneFi, a company specializing in blockchain security. Although the frequency of attacks has increased compared to the first quarter, the amount of lost funds has decreased. In the first quarter, there were 25 attacks — hackers stole $1.2 billion worth of digital assets.
In the second quarter, most of the losses were caused by hacks of DeFi protocols, and not blockchain bridges (platforms for transferring data between networks), as in January-March, the document says. In particular,  the Ronin bridge  from Axie Infinity was robbed for more than $625 million, and the Wormhole bridge in the Solana network was attacked for $326 million.







In April-June, projects such as the Beanstalk DeFi protocol (for $182 million), the Horizon Bridge of the Harmony network (for $100 million), Mirror Protocol (for $90 million) and Fei Protocol (for $80 million) were hacked. 

Two coffees later, as I was about to give up, I found this. Hold on… What’s going on here? A single transaction from October 2021 unlocking one position over and over again – and it actually executed. Here’s the transaction: https://t.co/2pbiwqKWNT (9/12) pic.twitter.com/lklZHIYQqV
 
 
 
 





 
 
 
 
— FatMan (@FatManTerra) May 27, 2022






 
At the end of June, the XCarnival crypto platform lost more than 3 thousand ETH ($3.5 million) and agreed to return half of the amount in less than a day after the incident. 

XCarnival was attacked on June 26, 2022 and suspended part of the protocol. XCarnival officials will give 0xb7CBB4d43F1e08327A90B32A8417688C9D0B800a owner 1500 ETH bounty. 
At the same time, XCarnival officals explicitly exempt the person from legal action. 
 
 
 
 





 
 
 
 
By XCarnival team
— XCarnival (@XCarnival_Lab) June 27, 2022
 





And in early July, an attacker hacked the Crema Finance protocol on the Solana blockchain and withdrew a cryptocurrency worth $8.7 million.
 
 
 
 





 
 
 
 

8) The hacker swapped the stolen fund into 69422.9SOL and 6,497,738 USDCet via Jupiter. The USDCet was then bridged to Ethereum network via Wormhole and swapped to 6064ETH via Uniswap after that.
— CremaFinance (@Crema_Finance) July 3, 2022
 












 ImmuneFi report  
 
 
 
 





 
 
 
 








Immunefi_Crypto_Losses_Q2_Download