According to data from on-chain analytics platform Chainalysis, October has been named the most expensive month of the year for crypto hacking attacks, although we are only halfway there.
chainalysishas designated October 2022 as the “biggest month of the year so far” in hacking attacks, with the total attack value in October nearly 718 million dollars proved to be achieved. In the light of the data, although we are halfway through the month, the focus on decentralized finance (DeFi) protocols 11 different attacks Hundreds of millions of dollars of abuse were seen. In total since January 2022 125 different serious hacks reported attack.
According to the data, 2021 was recorded as the biggest year on record for crypto hacks. But 2022 will likely surpass 2021 if hacking cases continue at this rate. October 11 onlyin about worth $122 million There were four different hacking attacks. Hackers, crypto wallet Rabby Walletusing a smart contract from $200,000, QANplatformfrom the Ethereum bridge $1.89 million, TempleDAO‘from 2 million dollars and Solana’s local Mango Markets 118 million dollarsasset stolen.
The analytics platform saw the majority of hacking cases in 2019-2021. on central platforms reported it happened. However, as a result of the increased security of centralized exchanges, attackers turned to decentralized exchanges in 2022. in 2022 90% of attacks are on DeFi protocols took place.
