The stablecoin HAY (HAYprotocol )’s experienced a loss as a result of a trader borrowing millions of dollars.
According to CertiK, the amount of bitcoin taken in December was $62.2 million, the “lowest monthly statistic” of the year. This suggests that cryptocurrency hackers and exploiters may have slowed down for the 2022 holidays, according to Cryptoslate.
The blockchain security firm tweeted a list of the most significant assaults that day on December 31, according to Cointelegraph. The $15.5 million exit scam and the $7.6 million in exploits based on flash loans were the two methods that took the most money during the month, according to the research.
The stablecoin HAY (HAY), which is controlled by the protocol, sustained a loss when a trader borrowed millions of dollars worth of HAY by taking advantage of a price differential in Ankr Reward Bearing Staked BNB, according to Cointelegraph (aBNBc).
The December figure is significantly lower than the previous month, according to Cointelegraph, with an 89.5% drop from the $595 million in exploits spread across 36 significant incidents that CertiK recorded in November 2022. However, that figure was greatly distorted by the $477 million hack of the cryptocurrency exchange FTX.
The Top Crypto Protocol by Development Activity in 2022 is Cardano (ADA)
Cardano, a cryptocurrency project that takes pleasure in having the tools necessary to operate its blockchain network and create decentralized apps (DApps), topped all other blockchains in developments this year.
According to Santiment, a website providing crypto analytics, Cardano saw the highest degree of development activity in 2022. It receives more GitHub submissions than Ethereum (ETH) and other blockchain systems.
Santiment claims that Cardano counted 2,434 commits. With 2,065 Github commits in 2022, Polkadot came in second, while Cosmos Hub (ATOM) came in third with 1,622 Github commits.
