Attacks and rug pull operations reduced last month.
Organizations in the cryptocurrency sector recorded more than $1.48 billion in losses between January and November, 15 percent lower than the same period last year.
According to Hackread, cyber-attacks and rug pull operations in the crypto industry last month also declined 79 percent year-over-year to $71 million. These losses have been attributed to the decentralized finance sector, particularly Thala and DEXX that have lost more than $20 million each in separate attacks last month.
According to an analysis from Immunefi, a leading blockchain security platform. Additional findings revealed that most of the losses were from direct hacks, while BNB Chain became the most prevalently targeted blockchain network last month, followed by Ethereum, which had been primarily attacked by threat actors.
Written by
Dan Raywood is a B2B journalist with 25 years of experience, including covering cybersecurity for the past 17 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Forum, BSides Scotland, Steelcon and the National Cyber Security Show, and served as editor of SC Media UK, Infosecurity Magazine and IT Security Guru. He was also an analyst with 451 Research and a product marketing lead at Tenable.
