chainalysis According to the data, 2021 represents a record period in terms of hacking attacks on crypto markets, while in 2022 this record is likely to be extended.
Blockchain analytics firm Chainalysis described October 2022 as the “biggest month ever for hacking activity”, noting that this month’s total hack value reached almost $718 million.
Chainalysis highlighted that although we have just completed October, 11 different attacks on decentralized finance (DeFi) protocols have resulted in hundreds of millions of dollars in losses.
Koinfinans.com As we reported, there were four hacking attacks worth approximately $122 million on October 11 alone. Hackers, crypto wallet Rabby WalletThey stole or attempted to steal $200,000 from blockchain QANplatform’s Ethereum bridge, $1.89 million from TempleDAO, and $118 million from Solana’s local Mango market using a smart contract from .
Chainalysis reiterated that 2021 is a record year in terms of both the total value hacked and the total number of attacks, but it could “probably exceed” last year’s figures as 2022 had 125 attacks so far, with over $3 billion in attacks.
2/ At this rate, 2022 will likely surpass 2021 as the biggest year for hacking on record. So far, hackers have grossed over $3 billion dollars across 125 hacks. pic.twitter.com/vgT3pz2iOu
— Chainalysis (@chainalysis) October 12, 2022
The firm also found that there was a change in the places where the exploits took place. Most hacks took place on centralized cryptocurrency exchanges in 2019, but as these companies increase security, the vast majority of hacks, about 90% by 2022, occurred on DeFi protocols.
The biggest target for hackers is cross-chain bridges, where three bridges were targeted this month, accounting for 82% of October losses, the largest of these bridge hacks was an exploit of nearly $100 million in the bridge between crypto exchange Binance’s BNB Smart Chain and BNB Smart Chain.
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