Aug. 16, 2022, 11:39 AM
The value of funds lost to cryptocurrency hacks has soared this year as decentralized-finance protocols have become an easy target for attackers, a report from blockchain analysis firm Chainalysis showed.
Around $1.9 billion worth of digital tokens has been stolen in hacks this year through July, up 58% from the same period of 2021, according to Chainalysis.
“This trend doesn’t appear set to reverse any time soon, with a
DeFi protocols, especially cross-chain bridges …