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Report Interpretation: Blockchain Security Situation in the First Half of 2022

Blockchain security posture

In the past two years, under the influence of various factors such as the raging epidemic, economic recession, energy shortage, escalating geopolitical conflicts, and intensifying international competition, the global social and economic development has encountered unprecedented challenges. At the same time, the global blockchain industry is also undergoing an accelerating change: the efficiency, security, and scalability of blockchain technology have been continuously improved, and the rise of emerging fields such as the Metaverse and NFT has enabled blockchain The industry has officially entered the 3.0 era.

According to statistics from SlowMist Hacked, as of June 30, there were 187 security incidents in the first half of 2022, with a loss of $1.976 billion.

(Security events in the first half of 2022)

Among these security incidents, about 77% (144 incidents) were caused by the vulnerability of the project itself being exploited by attackers, and the loss amounted to about 1.84 billion US dollars, accounting for 93% of the total loss of security incidents; about 21% (39 incidents) were caused by including Phishing & Rug Pull’s Scams, the loss amounted to about 130 million US dollars, accounting for 6% of the total loss of security incidents.

(Cause distribution of security incidents in the first half of 2022)

(Comparison of losses caused by security incidents in the first half of 2022)

Blockchain Ecological Security Overview

According to the different attacked objects, we divided 187 security incidents into three parts: public chain track, trading platform and others.

As the infrastructure of the blockchain industry, the public chain carries people’s expectations for the blockchain as the underlying network of Web3. With the rise of public chains from generation to generation, ecological booms such as NFT, DeFi, GameFi, and Metaverse have also erupted one after another. At the same time, these projects have also promoted the development and value enhancement of public chains, making the…

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