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Hackers stole $718 million from DeFi Protocols in October

Hackers stole $718 million from DeFi Protocols in October

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.

– Chainalysis (@chainalysis) October 12, 2022

Recall that hackers stole $90 million from Project Nomad.

 

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