October Has Been Biggest Month For Hacks In Crypto

Over $700M Drained In DeFi Hacks In October So Far

With only two weeks in, October is already turning out to be the biggest month for crypto hacks in entire 2022.

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Over $718 million have been drained in DeFi hacks alone this month.

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There have been a total 11 different DeFi protocols hacks so far in October, Chainalysis reported.

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Cross-chain bridges have been the main target of hackers with $600 million being hacked from 3 bridges.

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Solana-based DeFi protocol Mango Markets lost more than $100 million in the latest hack earlier this week.

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Cross-chain bridges hacks accounted for 82% of losses this month and 64% of losses all year.

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