DeFi exploits netted $1.57B in 4 months of 2022: 2021 records shattered
Decentralized Finance, or Defi, is not a particularly safe world due to a lack of identities and the lack of regulations to punish those who take away the hard-earned money of investors. The blockchain security firm, PeckShield, known for revealing a number of hacks and rug pulls, has confirmed that in the four months of 2022, the exploitation of said protocols has netted $1.57 billion.
Defi hacks in 2022 break 2021 records
PeckShield stated that in the first four months of 2022, Defi protocols had lost a total of $1.57 billion to hacks. On the contrary, in 2021, due to exploits, protocols reported a loss of around $1.55 billion. The point to note here is that losses in all of 2021 are still lesser when compared to those in the initial four months of 2022.The biggest losses for the month of April were Beanstalk and Fei Protocol. A flash loan attack on the credit-based stablecoin protocol Beanstalk caused a loss of around $182 million, and Fei's exploit led to a loss of $80 million. By the looks of it, 2022 might become a record-breaking year in the history of Defi.
It is also important to note that a huge chunk of this portion goes to the Ronin Bridge hack, which was the most expensive Defi hack ever. This hack might be the reason 2022 goes down as one of the worst years in terms of blockchain exploit prevention.
Total Value Locked sinks nearly 20%
The total value locked (TVL) for the entire decentralized finance (Defi) industry has sunk by around 20% since the initiation of 2022 as the crypto market remains bearish while hacks on protocols continue to increase. The TVL now stands at $199 billion, down from around $236 billion at the end of 2021, as per data from DefiLlama.Another important factor to note here is that CertiK, a blockchain security firm, has raised $60 million in funding from SoftBank Vision Fund II and Tiger Global in order to prevent exploits in the Defi industry and save investors' funds.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
