In February, there were more than 200 exploits, with the stolen amount of US $35.3 million

It is reported that according to PeckShield statistics, more than 200 exploitations were detected in February 2023, with the stolen amount of US $35.3 million, of which about 141 exploitations occurred on February 11. One of the largest security incidents was the exploitation of BonqDAO vulnerabilities, resulting in a loss of $120 million, while the attacker gained about $2 million.

Interpretation of this information:

The message indicates that PeckShield, an organization that provides blockchain security services, has reported more than 200 exploitations in February 2023, with a total amount stolen of US $35.3 million. These exploitations refer to a type of cybersecurity attack that takes advantage of vulnerabilities to gain unauthorized access, steal data, or cause damage to computer systems.

The report also highlights that February 11 saw a spike in exploitations, with approximately 141 detected on that specific day. This suggests that there may have been a coordinated effort by cybercriminals to target vulnerable systems on that date.

Furthermore, one of the most significant security incidents was the exploitation of BonqDAO vulnerabilities, which resulted in a loss of $120 million. This particular vulnerability refers to a flaw in a decentralized autonomous organization (DAO) that allowed an attacker to drain the organization’s funds. In this case, the attacker managed to gain about $2 million from the exploit.

Overall, the report emphasizes the importance of cybersecurity in the blockchain industry, particularly with the rise of decentralized finance (DeFi) protocols, which allow for decentralized financial systems built on blockchain technology. As more and more value is stored on these systems, they become a lucrative target for cybercriminals, making it essential for organizations to take proactive measures to secure their networks.