WEB3
by BSC News
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.
Related News
Latest News
April 17, 2024
What is Binance Megadrop?
April 17, 2024
Aptos Announces Strategic Partnerships With Microsoft, Brevan Howard and More
April 17, 2024
Binance Prepares for Return to India After Paying $2M Fine
April 16, 2024
What is Merlin Layer-2 Chain?
April 16, 2024
Worldcoin Launches Ethereum Layer 2 "World Chain" to Enhance User Experience
April 16, 2024
Bernstein Doubles Down on Bold Bitcoin Price Prediction
April 16, 2024
Bitcoin Reserves on Exchanges Could Vanish in Nine Months - This is Why
April 16, 2024
Drift Protocol on Solana Announces Airdrop of 100 Million DRIFT Tokens: What to Know
More News