October became a record month in terms of the amount of cryptocurrencies stolen by hackers in 2022. According to Chainalysis, losses of DeFi-protocols since October 1 as a result of 11 attacks totaled $718 million.
The total since the beginning of the year exceeded $3 billion (125 attacks), coming close to the values of 2021. Analysts noted that attackers’ interest in 2019 focused on centralized platforms. Since then, it has shifted toward DeFi protocols.
Cross-chain bridges suffered significant losses. In October, three such projects fell victim to hacks ($600 million). This is 82% of the cumulative figure for October and 64% of the cumulative figure for the whole year.
1/ After four hacks yesterday, October is now the biggest month in the biggest year ever for hacking activity, with more than half the month still to go. So far this month, $718 million has been stolen from #DeFi protocols across 11 different hacks. pic.twitter.com/emz36f6gpK
– Chainalysis (@chainalysis) October 12, 2022
Recall that hackers stole $90 million from Project Nomad.