2022 Mid-Year Blockchain Security and AML Analysis Report
Contents
Table of contents
1. Background
3
1.1 Supervision of Blockchain Ecosystem
3
1.2 Blockchain Security
4
1.3 Blockchain Anti-Money Laundering Status
7
2. Current State of Blockchain Security
13
2.1 Overview of Blockchain Security
13
2.1.1 Blockchain Analytics
13
2.1.1.1 DeFi
14
2.1.1.2 NFT
15
2.1.1.3 Cross-chain Bridges
17
2.1.2 Trading Platforms
19
2.1.3 Others
21
2.2 Overview of Attack Methods
22
2.3 Known Security Incidents
24
2.3.1 Ronin Network $610 Million Loss
24
2.3.2 Wormhole $326 Million Loss
24
2.3.3 Beanstalk Farms Flashloan Attack
25
2.3.4 Harmony $100 Million Loss
25
2.3.5 Pokemoney Rug Pull Incident
25
2.3.6 Crypto.com Hacked Accounts
25
2.3.7 Uniswap Airdrop Phishing Attack
26
2.3.8 OpenSea E-mail Phishing Scams
26
2.3.9 ApeCoin Flashloan Arbitrage
26
2.3.10 BAYC Official Discord Hack
26
2.3.11 FEG - 2 Flashloan Attacks
27
2.3.12 Optimism 20 Million $OP Lost due to Loopholes
27
1
2.3.13 MM.finance DNS Hijacking Attack
27
2.3.14 KLAYswap Malicious Front-End Attack
28
2.3.15 Terra Ecosystem Collapse
28
3. Anti-Money Laundering Analysis of Security Incidents
28
3.1 Overview of security incident losses
28
3.2 Tools & Methods Used
30
3.2.1 Basic Tools- MistTrack
30
3.2.2 Extended Methods - Data Analysis
32
3.3 Detailed AML Analysis
34
3.3.1 Ronin Network
34
3.3.2 Wormhole
40
3.3.3 Beanstalk
41
3.3.4 Harmony
43
3.3.5 Crypto.com
46
3.3.6 Uniswap Phishing
49
3.3.7 ApeCoin Flashloan Arbitrage
51
3.3.8 BAYC Official Discord Hack
52
3.3.9 FEGToken
53
3.3.10 Optimism
58
3.3.11 MM.finance
61
4. Summary
63
5. Disclaimer
64
6. About …
1. Background
3
1.1 Supervision of Blockchain Ecosystem
3
1.2 Blockchain Security
4
1.3 Blockchain Anti-Money Laundering Status
7
2. Current State of Blockchain Security
13
2.1 Overview of Blockchain Security
13
2.1.1 Blockchain Analytics
13
2.1.1.1 DeFi
14
2.1.1.2 NFT
15
2.1.1.3 Cross-chain Bridges
17
2.1.2 Trading Platforms
19
2.1.3 Others
21
2.2 Overview of Attack Methods
22
2.3 Known Security Incidents
24
2.3.1 Ronin Network $610 Million Loss
24
2.3.2 Wormhole $326 Million Loss
24
2.3.3 Beanstalk Farms Flashloan Attack
25
2.3.4 Harmony $100 Million Loss
25
2.3.5 Pokemoney Rug Pull Incident
25
2.3.6 Crypto.com Hacked Accounts
25
2.3.7 Uniswap Airdrop Phishing Attack
26
2.3.8 OpenSea E-mail Phishing Scams
26
2.3.9 ApeCoin Flashloan Arbitrage
26
2.3.10 BAYC Official Discord Hack
26
2.3.11 FEG - 2 Flashloan Attacks
27
2.3.12 Optimism 20 Million $OP Lost due to Loopholes
27
1
2.3.13 MM.finance DNS Hijacking Attack
27
2.3.14 KLAYswap Malicious Front-End Attack
28
2.3.15 Terra Ecosystem Collapse
28
3. Anti-Money Laundering Analysis of Security Incidents
28
3.1 Overview of security incident losses
28
3.2 Tools & Methods Used
30
3.2.1 Basic Tools- MistTrack
30
3.2.2 Extended Methods - Data Analysis
32
3.3 Detailed AML Analysis
34
3.3.1 Ronin Network
34
3.3.2 Wormhole
40
3.3.3 Beanstalk
41
3.3.4 Harmony
43
3.3.5 Crypto.com
46
3.3.6 Uniswap Phishing
49
3.3.7 ApeCoin Flashloan Arbitrage
51
3.3.8 BAYC Official Discord Hack
52
3.3.9 FEGToken
53
3.3.10 Optimism
58
3.3.11 MM.finance
61
4. Summary
63
5. Disclaimer
64
6. About …