Blockchain Technology Analysis Cybercrime

$2B in crypto stolen from cross-chain bridges this year: Chainalysis

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Cross-chain bridge hacks have accounted for 69% of the total crypto stolen in 2022, amounting to $2 billion in losses, according to a new report.

The report comes from blockchain analytics firm Chainalysis on Aug. 2, noting there have been 13 separate token bridge hacks this year — the most recent being the $190 million Nomad Bridge exploit.Q1 2022 was by far the quarter that saw the most amount of crypto stolen since 2021, due mainly to the Ronin Bridge Attack in late March, which saw $624 million in Ether (ETH) and Circle USD (USDC) stolen.Following last night's exploit of the Nomad Bridge, an estimated $2B has been stolen from cross-chain bridges so far in 2022.

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