Greater than $760 million had been stolen from 53 DeFi protocols final month, bringing the entire quantity misplaced to hacks to $3 billion to this point this yr.
Safety agency Peckshield has revealed that losses from hacks within the cryptocurrency house have reached $3 billion for the reason that begin of the yr.
Based on the latest report, October is the month with the very best variety of DeFi exploits, with 53 protocols dropping funds to hackers.
#PeckShieldAlert ~44 exploits (53 protocols affected) grabbed ~$760.2M in Oct. 2022, and ~$100M already returned the exploited protocols (Whole loss: $657.2M)
As of October 2022, the stolen funds (~$3B) in 2022 “doubled” final yr’s loss pic.twitter.com/mKZAjVk7UU— PeckShieldAlert (@PeckShieldAlert) October 31, 2022
The 53 protocols misplaced a mixed $760 million to attackers within the final 31 days, the safety agency added. Nonetheless, roughly $100 million of the funds have been returned to the protocols.
The $3 billion misplaced resulting from hacks to this point this yr is already double what was skilled final yr, with two months remaining earlier than the top of 2022.
There have been varied causes for the losses skilled final month. A few of them embrace wallets compromised by a profanity hack, insecure sensible contract code, exploited cross-chain bridges, oracle value manipulation, and unaccounted-for recreation principle behind protocol performance.
BNB Chain was the preferred protocol that was hacked final month. Nonetheless, Binance executed a tough fork to revive safety on the platform after an unknown attacker stole $100 million through a flaw in BNB Chain’s cross-chain bridge
Mango Markets, a Solana-based crypto lender, additionally misplaced $100 million to a hack. The attacker, Avraham Eisenburg, claimed actions behind the hack had been authorized. After a group hack, an settlement was struck, and Eisenburg returned $67 million to the protocol and held on to the remainder.
Crypto market maker WinterMute, recorded one of many greatest losses final month, dropping $160 million to the attacker(s). Nonetheless, CEO Evgeny Gaevoy shrugged off the loss, including that the agency was solvent, with greater than double that quantity in fairness.
Hackers additionally stole $15.8 million from Staff Finance, making the most of a bug within the Model 2 to Model 3 migration on the protocol.
