Crypto: Hacktober ends with over $3B in stolen assets in 2022
October ended up being a spooky month for a number of reasons. Concern over well-known protocols being compromised appeared throughout the month in the crypto sphere. October was identified as the month with the highest number of cryptocurrency scams and hacks as early as the second week of the month. The community was reflecting on the hacks that elevated October to the top of the list as we approached “Moonvember.” Earlier this week, PeckShield, a blockchain security firm gave the community a peek into the monthly statistics of the total crypto stolen. As per the firm, a whopping $2.98 billion was wiped out of the market through hacks as of October 31, 2022. It should be noted that there were a total of 44 exploits that had an impact on 53 protocols this month. While $100 million was returned, exploiters pocketed $760 million was still missing. Following this, 2022’s stolen funds list grew to nearly $3 billion. This was double the amount lost back in 2021 which is...
