HomeNewsOver $86.6M worth of NFTs stolen since start of 2022

Over $86.6M worth of NFTs stolen since start of 2022


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Over $86.6M worth of NFTs stolen since start of 2022
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Most up-to-date analysis from Comparitech shows that NFT thefts have gotten more frequent than ever— and more winning.

The company has saved music of NFT thefts ever for the reason that non-fungible tokens same outdated used be first introduced and recorded the principle stolen NFTs as early as 2020. Since then, over $86.6 million of tokens own been stolen. At the unusual time costs, these NFTs are pricing over $896.5 million.

There has moreover been a significant development within the final alternative of NFT thefts in 2022, starkly contrasting the declining alternative of crypto hacks recorded by Comparitech. Out of the 166 entire NFT thefts, 14 occurred in 2021, and the easiest two occurred in 2020. The final 150 took jam, in 2022, with March being the worst month for NFT owners, with 31 thefts taking place that month.

The supreme theft in step with the quantity stolen at the time of the attack used to be Lympo. In January 2022, the sports-basically based NFT subsidiary of Animoca Brands misplaced 165.2 million LMT tokens in a sizzling wallet hack. At the time of the attack, the tokens had been priced $18.7 million. In November 2021, WAX chain sport Farmers World suffered a hack that resulted in a $15.7 million price of NFTs being stolen.

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Over $86.6M worth of NFTs stolen since start of 2022

With $13.7 million stolen, BAYC is the third-supreme NFT hack ever. In April 2022, BAYC’s Instagram myth used to be hacked, and dozens of NFTs had been stolen from users. The ground sign for the stolen NFTs used to be simply about $14 million at the time of the attack.

In its analysis, Comparitech easiest thinking about determining exploits from hackers and excluded rug pull, employee thefts, phishing scams, and company errors. The glimpse moreover incorporated NFT attacks identified by security trackers such as PeckShield or CertiK.

Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We no longer provide funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.

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