In 13 days of October, hackers set a record for cryptocurrency thefts

Cryptocurrency hackers are breaking all records of their own activity — in just 13 days of October, attackers managed to steal more digital assets than in any other month of 2022. According to Chainalysis analysts, October’s hacker attacks have every chance of making 2022 an anti-record year.

In just 13 days, fraudsters managed to attack 11 cryptocurrency platforms, gaining $ 718 million — on October 11 alone, 4 exploits worth $ 122 million took place. Chainalysis experts noted that 2021 was the largest year of hacker attacks in terms of both total value and number of hacks. However, given the current pace, 2022 has every chance of surpassing 2021.

1/ After four hacks yesterday, October is now the biggest month in the biggest year ever for hacking activity, with more than half the month still to go. So far this month, $ 718 million has been stolen from #DeFi protocols across 11 different hacks. pic.twitter.com/emz36f6gpK

— Chainalysis (@chainalysis) October 12, 2022

There is also a pattern: previously, most hacks occurred on centralized cryptocurrency exchanges, but due to increased security measures on these platforms, 90% of attacks are now targeting DeFi protocols. In most cases, hackers break into cross-chain bridges — attacks on them caused 82% of the losses in October. This is exactly what happened in the Binance/">BNB Smart Chain network, where hackers managed to steal $ 100 million through an exploit. As Binance representatives reported yesterday, the network has been updated and its security has been strengthened, so exchange customers can be sure of their funds.

Yesterday, it also became known about an attack on the Mango DeFi platform, hackers received $ 100 million, and the MNGO management token lost more than 40% of its value. Attacking the first-level blockchain QANplatform on Tuesday, the attackers managed to steal $ 2 million, and the QANX token fell in value by 94%.