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 for the reason that begin of 2022.
DeFi protocols have misplaced roughly $718 million throughout 11 initiatives to this point in October alone — a brand new month-to-month document with greater than 15 days remaining, in line with Chainalysis knowledge.
With about $3 billion misplaced to 125 hacks to this point in 2022, Chainalysis predicts that the 12 months will seemingly surpass 2021’s document of about $3.2 billion.
Chainalysis famous that cross-chain bridges had 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 record 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 pockets misplaced $200,000 nonetheless on Oct. 11.
Mango Market and TempleDAO wish to provide bounties for the exploiters to return the stolen funds.
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