A report from CertiK finds that web3 projects lost over $2 billion to hacks in H1 2022—more than all of 2021 combined.

“2022 is already the most expensive year for web3 by far. From these numbers, 2022 is forecast to see a 223% increase in the funds lost to attacks when compared with 2021,” wrote CeriK in their report.

CertiK’s sobering report highlights the difficulties of an industry that pitches itself as returning to the decentralised ideals of web1 while...