DeFi protocols have misplaced roughly $718 million throughout 11 tasks to date in October alone — a brand new month-to-month file with greater than 15 days remaining, in line with Chainalysis knowledge.
With about $3 billion misplaced to 125 hacks to date in 2022, Chainalysis predicts that the yr will possible surpass 2021’s file of about $3.2 billion.
2/ At this charge, 2022 will possible surpass 2021 as the largest yr for hacking on file. To date, hackers have grossed over $3 billion {dollars} throughout 125 hacks. pic.twitter.com/vgT3pz2iOu
— Chainalysis (@chainalysis) October 12, 2022
Chainalysis famous that cross-chain bridges have been changing into the recent 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 listing of bridge exploits.
At some point, 4 hacks
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 pockets misplaced $200,000 nonetheless on Oct. 11.
Mango Market and TempleDAO want to provide bounties for the exploiters to return the stolen funds.
