There have been many scams in the Decentralized Finance (DeFi) sector this year. More than $1.6 Billion in cryptocurrency has been stolen so far, exceeding that of 2020 and 2021.

CertiK, the blockchain security firm revealed statistics that showed March as the most valuable month. It was worth $719.2million. That’s more than 200 million more than the total amount stolen during 2020. It is mostly due to the Ronin Bridge exploitOver $600 Million worth of crypto stolen by hackers