According to PeckShield, in September 2023, the crypto industry lost over $120.23 million due to 20 hacker attacks. These attacks affected various platforms, including decentralized finance (DeFi), where hackers exploited vulnerabilities in smart contracts and protocols.

Malicious Transactions and Thefts

Experts also reported the theft of 12,083 spWETH worth $32.4 million. This incident occurred when a user unknowingly signed a malicious transaction, though it was not included in the overall total. This highlights that attacks are becoming increasingly sophisticated, and users need to be especially cautious when handling transactions.

Rising Threats to DeFi

The large-scale attacks on decentralized platforms emphasize the growing risks in the DeFi sector. Hackers continue to find vulnerabilities in smart contracts, despite efforts by developers to enhance security. Most attacks are aimed at stealing funds through exploits in platform code and manipulating liquidity.

Protection and Recommendations

PeckShield experts remind users and developers of the importance of heightened attention to security and conducting regular code audits. Key recommendations include regularly updating protocols, using multi-factor authentication, and monitoring network activity to quickly detect anomalies.