Fun

Crypto Hackers Gross Over $3 Billion From 125 Hacks so Far This Year

News Feed - 2022-10-15 01:10:32

Crypto Hackers Gross Over $3 Billion From 125 Hacks so Far This Year


Data from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over $3 billion across 125 hacks so far this year. Crypto-Hacking Activity Soars in October


Chainalysis shared some crypto-related hacking statistics Wednesday. The blockchain data analytics firm explained that back in 2019, most hacks targeted centralized exchanges. However, a vast majority of targets are now decentralized finance (defi) protocols. Chainalysis wrote: After four hacks yesterday, October is now the biggest month in the biggest year ever for hacking activity … So far this month, $718 million has been stolen from defi protocols across 11 different hacks. Total value hacked and number of hacks by month. Source: Chainalysis


The four hacks that took place on Tuesday involved Rabby wallet, QANPlatform, Temple DAO, and Mango Markets. The biggest exploit of the four was the Solana-based defi protocol Mango Markets hack which saw about $115 million stolen.


“Cross-chain bridges remain a major target for hackers, with 3 bridges breached this month and nearly $600 million stolen, accounting for 82% of losses this month and 64% of losses all year,” Chainalysis detailed, elaborating: 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. Tags in this story Chainalysis, crypto hack stats, Crypto hacks, crypto hacks statistics, cryptocurrency hacks, decentralized finance, defi hacks, Defi protocols, Hackers


What do you think about the findings by Chainalysis? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Strategist at Southeast Asia"s Largest Bank DBS Says Bitcoin Is Unique Regardless of Price FEATURED | 6 hours ago Elon Musk Presently Under Investigation by Federal Authorities, Twitter Informs Judge FEATURED | 8 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleStrategist at Southeast Asia’s Largest Bank DBS Says Bitcoin Is Unique Regardless of Price Next articleWar Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItUAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse


United Arab Emirates (UAE) airliner, Emirates, has announced plans to launch non-fungible tokens (NFT) and experiences in the metaverse for its workers and customers. The launch aligns with UAE"s digital economy and virtual assets initiatives. First Projects Already Underway The ... read more.Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

Prashant Jha13 hours agoFBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firmsAlthough the likes of Lazarus Group have stolen billions of dollars worth of crypto, the public ledger technology
SILK Is Now Available for Trading on LBank Exchange
SILK Is Now Available for Trading on LBank Exchange press release PRESS RELEASE. INTERNET CITY, DUBAI, Dec. 9, 2022 – LBank Exchange, a global digital asset trading platform,
Bitcoin Crashes, Fear Spikes—But This Analyst Sees $153,000 Ahead
Este artículo también está disponible en español. In his latest video update, long-time market analyst and self-described “four-year cycle” trader Bob Loukas delivere
Is Bitcoin Headed For A Meltdown? Veteran Trader Sees 75% Crash Ahead
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
South Korea fines Worldcoin for violating personal protection laws
Ezra Reguerra12 hours agoSouth Korea fines Worldcoin for violating personal protection lawsDespite the regulatory hurdles, the project’s WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.918 T
Ukraine Uses Donated Crypto to Pay for Military Supplies — Government Says $50 Million in Crypto Raised in a Week
Ukraine Uses Donated Crypto to Pay for Military Supplies — Government Says $50 Million in Crypto Raised in a Week The Ukrainian government announces that $50 million in cryptocur
US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far
US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far The U.S. Marshals Service, a primary law enforcement a
Analyst Reveals What The Gold Chart Says About The Possibility Of Bitcoin Price Reaching $100,000
Este artículo también está disponible en español. Recent action has seen Bitcoin price retest the $67,000 price level. Particularly, the Bitcoin price declined by about 8
Cointelegraph Innovation Circle8 hours ago10 crypto insiders share their advice for traders considering trading botsBeing fully aware of both the strengths and weaknesses of bots can help traders leverage them with optim
2 NFT Projects Plan to Transition From Solana to Alternative Blockchains
2 NFT Projects Plan to Transition From Solana to Alternative Blockchains Two prominent Solana projects have announced they are transitioning over to new blockchains. The non-fungib
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings annou
Vitalik Buterin warns of politicians claiming to be ‘pro-crypto’
Turner Wright5 hours agoVitalik Buterin warns of politicians claiming to be ‘pro-crypto’The Ethereum co-founder said he had observed the Russian government espousing crypto while acting as an authoritarian regime.760