Top 5 Notable Cryptocurrency Hacks of 2022

Are you worried about the safety of your cryptocurrency investments? With the increasing number of attacks targeting crypto exchanges and investors, it’s important to stay informed and take steps to protect your assets. 

In 2022 alone, over $2.98 billion was lost in cryptocurrency attacks, according to blockchain security firm Peckshield. Here are some of the most notable attacks that occurred this year: 

  1. Axle Infinity: Hackers broke into Ronin Network, an Ethereum-linked sidechain for the play-to-earn game Axie Infinity, and stole approximately $625 million worth of Ethereum.
  2.  FTX: The second-largest cryptocurrency exchange filed for bankruptcy after a security flaw allowed hackers to steal digital tokens worth millions. Over $600 million was drained from wallets, resulting in FTX.com and FTX US users having $0 in their wallets. 
  3. Harmony Bridge: A crypto attack linked to the North Korean cybercrime team Lazarus resulted in the loss of $100 million from Harmony cross-chain Horizon Bridge. 
  4. Gemini: A security loophole in the cryptocurrency exchange resulted in hackers siphoning crypto assets worth $36 million from IRA Financial Trust’s customers. 
  5. Deribit: The cryptocurrency exchange suffered a hack that resulted in the theft of funds worth $28 million from its hot wallet.

If you’ve been a victim of a cryptocurrency hack or scam, Lionsgate Network is here to help. We are a professional recovery service that can help you recover your lost or stolen crypto money. Contact us today to learn more about how we can assist you.

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