De.Fi’s Rekt Database reports that July saw $389.82 million in DeFi losses related to hacks and exploits, pushing the cumulative total value of all of to cross the threshold of $77 billion.
Ethereum emerged as the most targeted, losing $350 million across 36 incidents. Multichain, however, suffered the most severe single-case loss of $231 million due to an access control exploit, according to the De.Fi analysis.
Source: De.Fi
Criminals’ diverse arsenal of exploits across DeFi.
Access control issues led to three significant cases resulting in a staggering loss of $287 million. Rugpulls, even though the most common with 38 reported cases, resulted in significantly lower losses totaling $36 million. Reentrancy attacks, although less frequent with six cases, still led to substantial losses of $58 million.
Among the different categories of targets, tokens were the most frequently attacked, with 39 cases reported leading to losses totaling $35.9 million. Borrowing and lending protocols w
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