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Crypto Investors Lose Almost 700-million To Hackers In Q1 - Cryptocurrency - PostsMania

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Crypto Investors Lose Almost 700-million To Hackers In Q1 by Anigold: 07:41 pm On 3 Mar 2022
As the cryptocurrency market continues to grow, it attracts more attention from cybercriminals, who have stolen nearly $700 million worth of assets from crypto platforms in the first quarter of 2022 alone.

Throughout this period, hackers have managed to get away with $682 million in as many as 72 hack events, with more than half of the losses attributed to hacks on Solana (SOL) and Binance Smart Chain (BSC) ecosystems, according to the recent findings by the Atlas VPN team.

In four major attacks, Solana suffered a loss of $397 million. The worst of them was the hack on Wormhole, a communication bridge between Solana and other decentralized finance (DeFi) networks, during which the platform lost around $334 million.


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