In November, the losses from Crypto Assets attacks rose by 969%, with nearly $200 million stolen in a single month.

The security situation in the cryptocurrency world last month can be described as “catastrophic.”

In November, there were approximately 15 major attacks, with direct financial losses skyrocketing to $194 million—this figure is more than ten times that of October, with a month-on-month increase of 969%. The industry's security situation has deteriorated sharply.

The projects that suffered the most losses: Balancer v2 and its forks lost $137.4 million, but fortunately, $39 million was recovered; Upbit lost $36 million; yearn.fi lost $9 million; HLP incurred a loss of $4.95 million due to bad debts; GANA Pay was also taken for $3.1 million.

This wave of concentrated explosions has once again sounded the alarm for DeFi protocols and trading platforms—contract security and risk control system vulnerabilities could become a cash machine for hackers at any time. Market participants need to re-examine asset custody solutions.