November Encryption Security Report: $170 million evaporated, Decentralized Finance once again becomes a major disaster area.

[Chain News] The encryption industry delivered a rather poor security report card in November.

According to the latest statistics from a certain security agency, the total losses caused by various attacks, vulnerabilities, and fraud incidents this month reached $172.4 million. The good news is that about $45 million has been successfully frozen or recovered, but the net loss still amounts to $127 million.

Looking solely at the scale of the events, Balancer suffered the most severe attack, with losses exceeding $113 million. Following behind are Upbit with $29.87 million and Bex with $12.4 million.

From the perspective of attack methods, code vulnerabilities remain a major disaster area, causing losses of $130 million, which constitutes a significant portion; the leakage of wallet private keys follows closely, involving an amount of $33.05 million. If classified by sector, DeFi projects are undoubtedly the main target for hackers, with losses amounting to $134.9 million.

Although some funds have been recovered, the number of security incidents in November remains high. As the end of the year approaches, project parties and users really need to stay on high alert – contract codes must be audited, private keys must be protected, and all risk control measures should be implemented. After all, the money in this circle has always been targeted by hackers.