The blockchain specialist says it has been a record year for cryptocurrency theft with the number of significant hacks rising to 125.
Hackers have stolen more than $3 billion in the year-to-date in 125 successful hacks, blockchain specialist Chainalysis said in a social media thread posted Thursday.
According to them, October is shaping up to be a particularly poor month, with crypto theft already totalling $718 million based on hacks of the #DeFi protocols spread over 11 different hacks. Just last week, for example, finews.asia reported about $100 million of Binance coins being lost, prompting the crypto giant to say that it will «in all likelihood […] will cover any fund that the hackers get away with».
Earlier this year, Chainanalysis estimates indicated that DeFi protocols were the most common target for hacks, especially by the likes of North Korean-linked groups that had stolen around $1 billion.
Significant Change
The specialist said that the vast majority of attacks are now #DeFi protocols, in sharp contrast to 2019, when most hacks targeted centralized exchanges.
As reported by finews.asia, this also matches a recent US government study that highlighted significant areas of concern including «frequent instances» of operational failure, market manipulation, fraud, and theft - as well as scams.
