@d12321 26 December 2022 more from that month

🔓 Top 5 Hacks in 2022 + Lessons to Learn 1️⃣ FTX ($650 million) - Private keys compromised, likely insider dealing. Lesson: Don't store assets on the exchange that you don't use to trade or hedge positions. Don't get fooled by 8% per annum in dollars, risking losing 100%. 2️⃣ Binance Bridge ($570 million) — hacking a cross-chain bridge and creating millions of tokens out of thin air. Lesson: To localize the CZ hack, temporarily stopped the BSC blockchain. Everything that you store on BSC can be stopped/blocked along with the blockchain at any time. 3️⃣ Ronin Sidechain ($650 million) - compromise of the validator's private key. Lesson: The hacker gained access to 5 of the 9 Ronin blockchain validators and could do whatever he wanted with the network. Keep this in mind when storing funds on blockchains with a very low number of validators. 4️⃣ Wormhole Bridge ($326M) - signature hack Lesson: Assets used in bridges are the most vulnerable. For security, store tokens on native networks: BTC on the Bitcoin network, ETH on Ethereum, SOL on Solana... 5️⃣ Nomad Bridge ($190 million) - Nomad account was looted from thousands of addresses Lesson: Again, bridges are the weakest spot in crypto, 2022 proved it. Save so as not to step on a rake 😎