One of the largest blockchain analysis firms chainalysisshared new data on attacks on decentralized finance (DeFi) projects.
According to data from Chainalysis in October, cybercriminals DeFi It was one of the months when he attacked his platforms the most. The hackers have made a total of $718 million in 11 separate attacks this month alone. cryptocurrency transferred to their own accounts.
Chainalysis expects annual DeFi losses to set a new record if hackers continue their attacks through the end of the year. In 2021, DeFi platforms lost $3.2 billion due to cyber attacks. Although it is only 2 months to the end of this year, the current loss has reached 3 billion dollars.
Chainalysis officials pointed out that vulnerabilities in cross-chain bridges were a major factor in this year’s attacks. In addition, analysts found that over time, hackers’ goals have changed:
“In 2019, most hackers preferred centralized exchanges to attack. But right now the main target is DeFi platforms.”
The last DeFi platform attacked by crypto thieves, wither decentralized exchange project built on the network Mango Markets it happened.
Mango Markets lost nearly $100 million worth of cryptocurrencies to cybercriminals in an attack earlier this week. The cybercriminal did the attack by performing a price manipulation.
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