WEB3
by BSCN
October 18, 2022
With half of October still left to go, the month has already seen a record $718 million in crypto hacks, with 2022 set to surpass 2021's ignominious mark.
“October is now the biggest month in the biggest year ever for hacking activity, with more than half the month still to go.” -- That statement from Chainalysis just about says it all.
According to the on-chain data analysis firm, a record $718 million has been lost this month from exploits of 11 different Decentralized Finance (DeFi) protocols. This year, more than $3 billion has been lost from 125 attacks.
Last year saw a record amount of hacks, and 2022 is on pace to shatter that record.
Chainalysis posted a Twitter thread reviewing the year in hacks so far:
Here are some highlights:
During the first week of October, hackers exploited the BSC Token Hub cross-chain bridge, essentially minting 2 million new BNB (value of about $580 million) that they sent to themselves in two separate transfers.
Latest News
4h : 11m ago
Dan Gallagher in the Lead as Trump’s Pick for SEC Chair: Report
November 7, 2024
Political Betting Contracts, Cross-Chain Communication Advances, and Crypto Payments in Detroit
November 7, 2024
What Donald Trump's Victory Means for Crypto Policy, His Legal Battles, and Ross Ulbricht's Future
November 7, 2024
Bitcoin Hits Record High as BlackRock's IBIT Sets New Trading Volume Milestone
November 7, 2024
U.S. House Gets Pro-Crypto Majority, 261 Representatives Elected with Industry Support
November 6, 2024
Bitcoin’s Soaring Price, Pro-Crypto Election Wins, and a Promising Future: Key Highlights from Today’s Events
November 6, 2024
OpenSea Unveils Major Upgrade to NFT Marketplace, Set to Launch in December
November 6, 2024
Bitcoin Hits All-Time High of $75,000 Amid U.S. Election Buzz