The hacker was able to generate $80 million in 圎TH (xplosive Ethereum) collateral as a result of the attack.īTC/USD trades at $38k. The QBridge deposit feature was used to launch an assault on the Qubit protocol. On Solana, an attacker took advantage of a signature verification flaw in the network to create 120K Wormhole-wrapped Ether worth $334 million.Ĭybercriminals have compromised 14 projects in the Binance Smart Chain ecosystem, resulting in losses of approximately $100 million. Wormhole, a communication link between Solana and other DeFi networks, was hacked for the second time this quarter. In the first quarter of 2022, the Solana ecosystem was hacked five times, resulting in a loss of $397 million. The theft totaled $610 million, with 173,600 Ethereum and 25.5 million USDC. The most significant attack of the quarter occurred at the end of March, when the Axie Infinity sidechain Ronin Network was hacked. The conversion rate of a particular cryptocurrency at the time of a hack or scam occurrence was used to quantify monetary lossesĭuring the first quarter of 2022, the Ethereum ecosystem was hacked 18 times, resulting in a loss of almost $636 million. The figures come from Slowmist Hacked, which compiles information about publicly acknowledged attacks on blockchain projects. Furthermore, hacks on the Ethereum and Solana ecosystems resulted in over $1 billion in losses in this quarter alone. Hackers and scammers made millions of dollars from attacks on numerous crypto projects and ecosystems.Īccording to the Atlas VPN teams new research, blockchain hackers stole approximately $1.3 billion in 78 hack events in the first quarter of 2022. Despite the drop in bitcoin prices at the beginning of the year, thieves did not take a break.
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