On 13 November, 2022, the Flare team conducted an exit scam on Flare Token. The exploiter stole approximately $18.5 million.

So far in 2022, ~ $3.4 billion has been lost to various scams and exploits in the Web3 world and a total of 573 attacks recorded this year.

On November 2nd, 2022, Deribit Exchange’s hot wallet was compromised. A private key leak may have led to the loss of ~$28m in USDC.