Key facts:
In just four months, DeFi has already lost more than $1.57 billion.
The Beanstalks hack was the biggest of the year, with $182 million compromised.
Just four months into 2022, hacks into decentralized finance (DeFi) protocols already outnumbered all attacks in 2021 in stolen funds. In four months, $1.57 billion was illegally stolen, it passed the record of USD 1,550 million from the previous year.
The above stats are detailed by hack tracking and analysis firm PeckShield Alert on their website. twitter account. For its part, CertiK Stats, a company in the same category, indicates an even higher number. According to this source, in 2022 USD 1,673 million were already stolen taking into consideration exploits of code vulnerabilities, hacks and scams.
Regarding the total values stolen in each month, both sources agree that March was the worst period so far this year, with thefts close to USD 700 millionwhile in April funds for more than USD 379 million were violated.
As can be seen in the image below, Beanstalks hack was the biggest hack in 2022. On that occasion, in mid-April, USD 182 million were subtracted from the protocol. The peculiarity of that case was that the hacker donated USD 250,000 to Ukraine to collaborate with the humanitarian crisis that the European country is going through, as reported by CriptoNoticias.
DeFi continues to suffer from hacks
Various events have been reported in this newspaper this year that led to losses of USD 1,230 million in the first quarter of the year alone.
To add insult to injury, hackers have found other weaknesses in DeFi that allow them to continue exploiting its vulnerabilities. For example, bridges between networks have recently suffered several hacks for more than USD 880 million total. One of these cases was that of Wormhole, a DeFi bridge of the Solana network that lost USD 318 million. Until then, it was the second largest hack of decentralized finance platforms in history.
In short, all these events reinforce the idea that these protocols still have much to improve in terms of security. If not, the red numbers noted above will continue to swell and new records will likely be broken in the near future.