$718M Hacked From Crypto Outfits So Far This Month

Bitcoin News reports:

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.

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.”

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.

Read the full article. The total above doesn’t include the $8.4 million hack that happened this morning.

#Crypto hackers have grossed over $3 billion across 125 hacks so far this year, says Chainalysis. #cryptocurrency #bitcoin https://t.co/LyDyizdbU7

— Bitcoin News (@BTCTN) October 15, 2022

The #Celo network-based #defi lending protocol @Moola_Market was forced to halt operations following an $8.4 million hack.

There are many ways for our #crypto assets and wallets to be compromised. But now there is a way to protect them: #StrongBox?https://t.co/9KE7LaMjTn

— Serenity Shield (@SerenityShield_) October 19, 2022