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The security situation of the crypto market in November is a bit grim.
Monitoring data shows that there have been about 15 major security incidents this month, with total losses reaching $194 million—compared to $18.18 million in October, this figure has surged by 969%.
The worst hit were Balancer v2 and its fork projects, which were exploited by attackers for about $137 million. The good news is that $39 million has been recovered, but the remaining hole is still significant. Upbit Exchange was also affected, incurring a loss of $36 million; Yearn Finance lost $9 million; and the bad debt at HLP is roughly around $4.95 million.
Losing over 100 million within a month, this wave of attacks is indeed rare. Market participants need to be more vigilant, especially those liquidity protocols and DeFi platforms, which have become the primary targets of hackers.
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DeFi this time is really disappointing, hackers are getting more and more powerful
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969%? I don't even dare to check my account with that number, haha
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The liquidity pool is like a buffet for hackers, who can save us
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Dropped the ball again, managing my wallet myself is still the safest
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190 million just like that gone, a bit outrageous, bro
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That hole in Balancer is really big, recovering 39 million won't change much
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Looks like I have to be cautious in November, prepare the cold wallet
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Discussing a loss over 100 million so calmly, web3 people are really fierce
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Why is it always the liquidity protocol? Can't this thing be defended?
Balancer has been hit again, this protocol must be so fragile
How much longer will DeFi play before it stops being clipped coupons?
It makes me want to move all my coins to a Cold Wallet
137 million just vanished at Balancer, smart contract vulnerabilities really are a killer blow.
Liquidity protocols really need to strengthen risk control, otherwise the numbers next month will look even worse.