The hackers have not yet been identified.
$80 million in cryptocurrency by exploiting a bug on the Qubit Finance platform that lets users convert one form of digital currency into another.that hackers had stolen roughly $625 million in cryptocurrency from its blockchain and the play-to-earn Axie Infinity video game network that operates on top of it. The hackers got away with approximately 173,600 of the very popular ether and 25.5 million of USDC, a cryptocurrency pegged to the U.S. dollar.
The North Korean cyber criminals were reported to have also made away with over $400 million in 2021 alone.reported that DeFi protocolsEdith Reads, an analyst with the organization, said at the time in a statement, “There has been a series of attacks on DeFi platforms. The attacks are well organized and coordinated. However, there are measures in place by different players in the crypto space to overcome this.
All in all, these events amount to significant losses for crypto communities. This begs the question: why haven’t crypto providers come up with better security measures? Clearly, the sector has advanced enough to provide easy and quick service; should cybersecurity not be part of its plans?
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