DeFi protocols have misplaced $718 million within the first two weeks of October alone, whereas $3 billion has been misplaced to 125 crypto hacks in complete because the begin of 2022.
DeFi protocols have misplaced roughly $718 million throughout 11 tasks thus far in October alone — a brand new month-to-month document with greater than 15 days remaining, in accordance with Chainalysis information.
With about $3 billion misplaced to 125 hacks thus far in 2022, Chainalysis predicts that the yr will seemingly surpass 2021’s document of about $3.2 billion.
Chainalysis famous that cross-chain bridges had been changing into the new spots for hackers. Hackers attacked three bridges and stole about $600 million, which accounts for 82% of all losses in October and 64% of all losses in 2022.
Binance BNB Chain hack of about $100 million tops the checklist of bridge exploits.
About $122 million was reportedly misplaced on Oct. 11 following 4 hacks throughout Mango Markets, Temple DAO, Rabby pockets, and the QAN platform.
The Temple DAO hack noticed the attacker steal over $2.3 million from the StaxLPStaking contract.
Solana’s Mango Market misplaced over $100 million after MNGO token worth was manipulated and the hacker exploited the MNGO-PERP pool.
QANplatform’s Ethereum and BSC bridge was exploited for $1.89 million whereas Rabby’s Crypto wallet misplaced $200,000 nonetheless on Oct. 11.
Mango Market and TempleDAO want to provide bounties for the exploiters to return the stolen funds.
Did you take pleasure in what you learn? If that’s the case, please think about giving us a clap, following us or subscribing to our e-newsletter. All of those are free for you however will assist us maintain writing. Thanks!
