Annual value of cryptocurrency losses worldwide 2021-2022
Cryptocurrency hacks and thefts increased substantially in 2022, especially due to Terra Classic and FTX. The source mentions that the average value lost in 2022 was roughly five-fold than in 2021. 2022 was shaken by several high-profile incidents that rippled through the entire market. The fall of stablecoin UST resulted in the loss of other cryptocurrencies, whereas multiple crypto exchanges suffered from the fall of FTX at the end of the year.
