Not solely is the chance not diminishing, however the assaults are additionally changing into extra subtle. Take the current KyberSwap hack, for instance, which resulted in losses of $54.7 million. On the time, the protocol known as the exploit “probably the most subtle within the historical past of DeFi”, requiring a “exact sequence of on-chain actions”. Equally, the current Ledger hack, which noticed $484,000 drained from wallets, was intricate and multi-layered, permitting the hackers to stealthily siphon property from the wallets of unsuspecting customers.
