LONDON, Dec. 5, 2022 /PRNewswire/ — Global cryptocurrency markets are reeling after the infamous FTX implosion burned an estimated $2 billion hole in investors’ pockets. But a new survey reveals that nearly DOUBLE that amount has been lost to scams and ‘rug-pulls’ across 2022.
Cybersecurity and data privacy specialists from Privacy Affairs, in their round-up of Cryptocurrency Scams of 2022, cited the failure of crypto exchange FTX and its enigmatic founder Sam Bankman-Fried as the biggest loss to online investors in 2022.
The fall-out, says Privacy Affairs CEO and Founder Miklos Zoltan, will reverberate around the unregulated cryptocurrency markets for many months to come as investors try to extract themselves from flaming wreckage of FTX.
The survey revealed the five biggest crypto losses, scams and hacks of 2022 ranked by amount of money lost or stolen ($100 million and above) accounted for nearly $3.5 billion. They are:
1. FTX $1-2 billion
2. Axie Infinity’s Ronin Network: $615m
3. Wormhole crypto bridge: $320m
4. JuicyFields.io scam: $273m
5. Unique-Exchange.co/PARAIBA scam $267m
The full research and data can be found here: https://www.privacyaffairs.com/cryptocurrency-scams-2022/
Their research showed that between January and July 2022, hackers stole $1.9 billion worth of cryptocurrency -…
