In November, hackers stole over $300 million
In November, hackers stole over $300 million in a tumultuous month for the world of cryptocurrencies and decentralized finance (DeFi). According to a report by Immunefi, let's explore the key points and, most importantly, how to secure your digital assets.
Review of Hacking Attacks
In November, people lost 15 times more money compared to the previous month.
Most losses were associated with hacks ($335 million) rather than phishing ($7 million).
Centralized Exchanges Under Attack
Centralized exchanges such as Poloniex, HTX, and Kronos Research were the primary targets of attacks.
Dangerous Zones and Trends
BNB Chain remains the riskiest place where people lose the most money due to hacks, followed by Ethereum and Arbitrum.
The overall damage in 2023 reached an impressive sum of $1.75 billion.
Risk Mitigation in DeFi
The cryptocurrency community continually faces new challenges, but there are several life hacks to reduce the risk of losing digital assets:
Avoid interacting with dubious protocols using primary wallets.
Use services like revoke to revoke permissions to spend your tokens.
Use extensions that warn about signing suspicious contracts.
Keep the illiquid portion of your portfolio in a cold wallet.
Choose Reliable DeFi Protocols
Utilize only time-tested and insured DeFi protocols.
Check project audits on popular platforms such as Coinmarketcap or Coingecko.
Conclusion
The complexity of the DeFi world requires investors to be vigilant and use all available security tools. The need for constant updates and education becomes a key element in combating hacking attacks. Remember that in the cryptocurrency environment, every step must be carefully considered.