Coinspeaker
SlowMist: 47 Exploits Worth $349M Occurred in November
The blockchain industry faced a turbulent November in 2023, marked by a staggering 47 crypto exploits and breaches that resulted in a cumulative loss of around $349 million, according to insights from the SlowMist Blockchain Hacked Archive.
Popular Crypto Exploits that Made Headlines
Let’s consider the major crypto hacks that were registered in the previous month.
Onyx Protocol – $2.1M
On November 1, 2023, Onyx Protocol, a Decentralized Finance (DeFi) lending protocol, fell victim to an attack resulting in a loss of 1,164.53 ETH (about $2.1 million). The attacker manipulated interest rates to borrow more funds than expected, employing similar tactics seen in the attack on Hundred Finance.
TrustPad – $155,000
On November 6, 2023, TrustPad, a cross-chain financing platform, suffered a loss of about $155,000 due to a staking contract attack. This is one of the smallest crypto exploits recorded in November.
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