Crypto Hackers Garner Over USD 3 Billion From 125 Hacks In 2022
Data from blockchain analytics firm Chainalysis shows that
October is the biggest month in the biggest year ever for hacking
activity. According to the firm, crypto hackers have earned more than USD
3 billion in 125 hacks this year.
Crypto-Hacking Activity Spikes in October
Chainalysis shared some crypto-related hacking data on
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, USD
718 million has been stolen from Defi Protocols across 11 different
hacks."
The four hacks that took place on Tuesday involved Rabby wallet,
QAN Platform, Temple DAO, and Mango Markets. The biggest exploit of the four
was the Solana-based Defi Protocol Mango Markets hack, which saw about USD 115 million stolen.
"Cross-chain bridges remain a major target for hackers,
with 3 bridges breached this month and nearly USD 600 million stolen,
accounting for 82% of losses this month and 64% of losses for the 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 USD 3 billion
across 125 hacks."
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