You won't believe how much was stolen in 2022! According to a recent ImmuneFi report, the global web3 space was valued at over $934 billion in 2022, making it an attractive target for hackers. There were 168 instances of hacking or alleged fraud in the industry in 2022, resulting in a total loss of $3,948,856,037! Hacks made up 95.6% of the total losses, with DeFi projects being the most targeted at 80.5%. BNB Chain and Ethereum were the most targeted chains, with 65 and 49 incidents, respectively. Out of the total losses, only $204,157,000 has been recovered, representing just 5.2% of the total. This is a stark reminder of the importance of having insurance in the cryptocurrency industry. InsurAce offers insurance policies to protect against such losses, providing peace of mind and security in an increasingly volatile industry. Link: https://assets.ctfassets.net/t3wqy70tc3bv/1ObYJk9jzWS4ExHICslYep/e2b5cee51268e47ee164c4dffbd78ad4/Immunefi_Crypto_Losses_2022_Report.pdf