Security team: more than 200 vulnerabilities occurred in February, and the theft amount reached US $35.3 million

According to reports, PeckShield, the security team, reported that more than 200 vulnerabilities were detected in February and stole US $35.3 million, of which about 141 occurred on February 11. It is estimated that the damage caused by BonqDAO vulnerability is $120 million, while the attacker gains about $2 million. As of February 28, 2023, US $935000 ETH and US $6000 BNB have been transferred to Tornado Cash.

Interpretation of this information:

The recent report by PeckShield has brought to light some concerning information regarding the security vulnerabilities of the blockchain ecosystem. The report claims that during the month of February, over 200 vulnerabilities were detected, resulting in a loss of around $35.3 million. Out of these, 141 were reported on February 11 alone, indicating a concerning trend.

Among all the vulnerabilities identified, the report highlights the BonqDAO as the most significant threat, causing a potential damage of $120 million. The attackers have managed to illegally gain $2 million despite the damages they have caused. This indicates that the hacking community is becoming increasingly sophisticated, and the potential implications are potentially devastating.

The report also reveals that as of February 28, 2023, there were two large transfers of cryptocurrency made to Tornado Cash. One was for US $935000 ETH, and the other was for US $6000 BNB, both of which are suspected to be part of an illegal operation. The staggering amount of money transferred through the Tornado Cash system highlights the need for stronger security measures to prevent illegal activities like money laundering and supporting terrorism.

Overall, the report sends a clear message that blockchain technology still has a wealth of security issues that need to be addressed. Vulnerabilities that continue to go undetected could result in major financial losses for not only individuals but also decentralized finance (DeFi) protocols and the emerging crypto industry as a whole. Therefore, it is imperative for the security community to strengthen security protocols and remain proactive in detecting and mitigating any potential security threats.

In summary, the three keywords that best represent the context of the report are Security vulnerabilities, BonqDAO and Tornado Cash. The report highlights the need for continuous security measures and improvements, especially in light of the latest significant threat posed by the BonqDAO vulnerability. The transfer of large sums of cryptocurrency through Tornado Cash also points towards the need for better regulatory oversight of blockchain transactions to prevent illegal activities.