Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

November hackers went on a rampage: Crypto Assets losses soared to $194 million.

robot
Abstract generation in progress

[Chain News] In November, the encryption world has gone crazy with hackers.

Throughout the month, there were approximately 15 attack incidents, with losses skyrocketing to 194 million USD. What does that mean? It's a staggering increase of 969% compared to the 18.18 million in October, more than ten times.

Balancer v2 and its fork projects suffered the most, losing $137.4 million (fortunately, $39 million was recovered). Upbit lost $36 million, and Yearn Finance lost $9 million. HLP lost $4.95 million due to bad debts, and GANA PayFi was also taken for $3.1 million.

Dozens of incidents in a month, each involving real money. This wave of attacks has sounded the security alarm for the entire industry again.

BAL0.25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
LayerHoppervip
· 12-01 06:36
194 million dollars? My goodness, how crazy is that number? --- Balancer has been targeted again, when will they be able to put on armor? --- 969% big pump... this November is indeed outrageous, no wonder everyone is cutting loss. --- 15 incidents in one month, are hackers working in teams? --- Every time I see such news, I think of the little coins in my Wallet... there’s really nothing to worry about. --- What’s the use of security alerts, next month it’ll still be the same situation. --- Balancer v2 directly lost 137 million, how desperate must that be? --- November really has become the hackers' carnival month, hasn’t it? --- Why is it always Balancer, what about the audits? --- How many people must have gotten liquidated with this data, just thinking about it hurts.
View OriginalReply0
MEVHuntervip
· 12-01 06:31
Damn, Balancer's bleeding this time has ripped apart the arbitrage space for flash loans. --- $194 million just evaporated like that? Luckily my mempool monitoring was timely, otherwise I would have lost everything. --- It's already 2024 and we're still getting caught up in such basic security vulnerabilities? Was the gas optimization not done right or do smart contracts really have that much crap code? --- Balancer's liquidity pool has been completely drained; I've seen this trick too many times. --- The hacker's MEV extraction method this time is indeed wild; I need to learn from it. --- In just a sandwich attack, $130 million is gone; my algorithm needs optimization. --- 15 incidents, averaging over $12 million each; how many bots must be competing at the same time?
View OriginalReply0
RumbleValidatorvip
· 12-01 06:28
$194 million vanished in a month, is this the current "safety" level on-chain? What does Balancer's $137 million hole signify, or are the verification mechanisms and risk models merely paper-thin? A 969% rise is not growth; it’s a signal of systemic collapse. We need to scrutinize if the consensus layer has genuinely done enough for prevention. --- The data from 15 incidents raises the question of how many verification nodes are effectively non-existent? This is the real issue. --- Another wave of "wake-up calls", what about next month? Are we waiting for another round of exorbitant losses? --- Balancer needs to thoroughly analyze this time; whether it's code auditing or deployment logic, someone has to take the blame. --- $194 million has run away, and the confidence in the ecosystem has evaporated as well. How do we account for this? --- Every time there are calls to strengthen security measures, but when it comes to implementation, node stability and risk warning mechanisms are still the old routine, the efficiency just doesn’t keep up. --- This data is too outrageous; is it a real attack, or are there inherent design flaws in the code that require more hardcore technical validation.
View OriginalReply0
AlgoAlchemistvip
· 12-01 06:19
194 million in a month, how fierce it must be, security is really a joke Hacker are having a party, we are paying tuition... Balancer has taken a big hit this time, how long will it take to recover losses November is really a devil month, do we dare to trade at this time Here it comes again? It feels like there are surprises every month... 137.4 million is gone, how do we account for this Security measures can never keep up with hacker's creativity, it's ridiculous
View OriginalReply0
SnapshotLaborervip
· 12-01 06:15
Damn, got hacked again? What's going on this month? That $137 million from Balancer is really impressive, how do we defend against it? November is frightening, I really don't dare to provide too much liquidity now. This is the real "blood profit", hackers profit while we incur losses. Why is the protection so weak? Wait, 15 incidents? In just one month? This probability is ridiculous. I just want to ask if anyone still dares to use Balancer now.
View OriginalReply0
OnchainSnipervip
· 12-01 06:15
Oh my, 194 million just vanished like that, Balancer really had a bloodbath this time --- So the Hackers are teaming up in November, huh? This number is outrageous --- The security issues have been shouted about for so many years and are still repeating, it's a bit annoying --- 969% big pump? This growth rate is even more outrageous than the rise in the crypto world --- That 137 million from Balancer, has anyone really managed to recover it? --- Every time we say to stay alert, but next time we still get sheared, this cycle is quite something
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)