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October leads in the number of hacker attacks on cryptocurrencies
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October leads in the number of hacker attacks on cryptocurrencies

Oct 14, 2022

Research by Chainalysis analysts has shown that this year could be the largest in terms of the number of scammers and hacks. In only 2 weeks of October, hackers stole more assets than in all other months of this year.

In total, 11 attacks were in October, which led to losses of $718 million. Over the past year, 125 hacks were committed and $3 billion were stolen.

Bridges have been hit the hardest this month. Also, 3 attacks were on cross-chain smart contracts. Among the most talked about hacks - the recent attack on the Binance Smart Chain Token Hub. More than $100 million was then stolen.

Also, a major attack was made on the Mango Market trading platform. The hackers managed to withdraw the liquidity from the pools. As a result, the participants of the system lost more than $110 million.

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