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Tallying up the total value in crypto that has been lost in DeFi exploits reveals that October has been the worst month on record, and it’s not even halfway through yet.
Industry analytics firm Chainalysis has reported that October has just become the biggest month in history for crypto hacking activities.
On Oct. 13, the company tweeted that so far this month, $718 million has been stolen from 11 different DeFi protocols via hacks or exploits.
The figure just eclipses the previous highest month for hacks which was March when the Ronin bridge was hacked for over $600 million.
“At this rate, 2022 will likely surpass 2021 as the biggest year for hacking on record. So far, hackers have grossed over $3 billion dollars across 125 hacks,” it stated.
1/ After four hacks yesterday, October is now the biggest month in the bigg
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