Since the beginning of October, hackers have stolen $718 million in cryptocurrency

October was the most "profitable" month for hackers in 2022, despite the fact that it has not ended yet

The Pirates stole $718 million from cryptocurrency since early October, according to Chainanalysis, an analytics platform. October has already become the most “profitable” for attackers in 2022, despite the fact that only 13 days have passed since the beginning of October. During this time, 11 break and enters were committed.

Analysts suggest that more cryptocurrencies will be flown in 2022 than in any previous year. To date, the amount of cryptocurrency funds stolen from 125 attacks have already exceeded $3 billion.

Previously, most attacks were on centralized sites, but now Challenge protocols have become the main targets of the Pirates. At a time, the Pirates most often use blockchain bridge vulnerabilities. The attack on three such bridges this month caused losses of $600 million, or 82% of all losses this month.

The National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit organization dedicated to identifying, validating, mitigating, and neutralizing cybercrime threats, hosted On-chain analysisthe block chain data platform. The alliance now has access to the same investigative tools that have been used to help crack some of the most important cybercriminality cases in the history of the world and increase consumer access to cryptocurrency securely through the Chainalysis data platform.

To facilitate the responsible sharing of knowledge and subject matter expertise with partners in private sector industries, law enforcement and academia, the NCFTA was founded in 2002. Its goal is to create and disseminate threat intelligence as part of the global campaign to stop and eradicate cybercrime. Through NCFTA initiatives, more than $2 billion in potential losses have been averted, thousands of criminal and civil investigations have been initiated, and more than a thousand arrests have resulted.

One of the most publicized incidents of October has been the hacking of BSC token Hub bridge on the BNB Chain block chain. Hackers managed to steal over $544 million from cryptocurrenciesbut they were only able to withdraw $100 million.

Changpeng Zhao, CEO of Binance job a link to a Reddit: We would like to reaffirm that we worked with validators to temporarily suspend the BNB Smart Chain (BSC) after discovering an exploit on the BSC Token Hub, a cross-chain bridge that generated additional BNB.

All validators have been asked to temporarily stop BSC. The problem is now under control. Your money is safe. We are sorry for the inconvenience caused and will keep you updated if necessary.

The Community has already played a crucial role in providing assistance and helping to freeze any transfers. All money is secure.

About Chainalysis

The blockchain data platform is called On-chain analysis. In more than 70 countries, we provide data, software, services and research to government organizations, stock exchanges, financial institutions and insurance and cybersecurity companies. Our data powers the business intelligence, compliance and investigative software that has helped solve some of the most high-profile criminal cases in history and expand consumer access to cryptocurrency securely. Chainalysis builds trust in block chains to encourage greater financial freedom with less risk, with support from Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit and other leading venture capital firms. Please visit for more details.

Leave a Comment