According to Chainalysis, DeFi protocols have lost approximately $718 million across 11 projects so far in October alone - a new monthly record.
Approximately $3 billion has been lost to 125 hacks in 2022, which is on pace to surpass 2021's record of $3.2 billion.
According to Chainalysis, cross-chain bridges are increasingly being targeted by hackers. Three bridges were attacked by hackers, resulting in the theft of approximately $600 million, which accounts for 82% of all losses in October and 64% of all losses in 2022.
An attack on Binance's BNB Chain involving about $100 million tops the list of bridge exploits.
In a series of hacks across Mango Markets, Temple DAO, Rabby wallet, and the QAN platform, approximately $122 million was reportedly lost on Oct. 11.
A hack of the Temple DAO resulted in the theft of over $2.3 million from StaxLPStaking's account.
MNGO token value was manipulated and the hacker exploited the MNGO-PERP pool at Solana's Mango Market, resulting in the loss of over $100 million.
On October 11, QANplatform's Ethereum and BSC bridge was exploited for $1.89 million, while Rabby's Crypto wallet lost $200,000.
A bounty is being offered by Mango Market and TempleDAO in order to entice the exploiters to return the funds that were stolen.