October Worst Month For DeFi Protocol Hacks, Chainalysis Reports
With the increasing number of hackers in the blockchain market industry, it is reported that October will be the month with the largest number of hackers in 2022. Chain Analysis reported this fact and added that the login password worth 718 million dollars had been stolen from the DeFi protocol. Hackers stole some assets from 11 different types of hackers
Through the four hacker attacks yesterday, October was the most frequent month of hacking activity in a year so far, with more than half of the time. So far this month, 11 different types of hackers have stolen 718 million dollars from the # DeFi protocol. pic.twitter.com/emz36f6gpK
-Chain Analysis (@ Chainalysis) October 12, 2022
In a series of posts on Twitter, Chaidanalysis conducted a comprehensive review of hacker records based on the discovery status since 2015. In the figure below, the highest number of hackers in 2022 was reported in March, with the use value close to $700 million. In addition, as mentioned above, fraud activities were also carried out in October, stealing a total of 718 million dollars.
Compared with other months, the total amount of hacker attacks in July was low. However, the number of hackers in July and August was the same.
The chain analysis also found that 2022 is likely to exceed 2021, becoming the year with the largest number of hacker attacks. In addition, hackers earned more than $3 billion based on 125 hacker attacks.
In addition, blockchain chain analysis enterprises show that in 2019, hackers were mainly targeted at centralized exchange, while today, most hacker activities are carried out in the DeFi protocol.
It can be clearly seen from the marked data chart that hackers have been active in DeFi software since 2017 and will increase in 2022. During 2015-2021, both centralized and fragmented trading centers encountered fraud. However, compared with the number of hackers in 2019, there will be fewer and fewer hackers in the trading center in 2022. Most importantly, Chainanalysis wrote on Twitter that hackers also carefully selected cross chain bridges, which reached three bridges in October alone. They stole nearly 600 million dollars, accounting for 82% and 64% of the monthly and annual losses respectively.