Data: 44 exploits in October 2022 affecting at least 53 protocols, costing $657.2 million

According to PeckShield data, as many as 44 exploits occurred in October 2022 affecting at least 53 protocols, with a total loss of $657.2 million. Of that, at least $100 million has been returned to the exploited platforms. Exploit losses in 2022 are close to $3 billion so far, twice as much as last year. Numerous reasons contributed to October’s losses, including compromised wallets through profane hacks or otherwise, insecure smart contract code, unaccounted for game theory behind protocol functionality, exploited cross-chain bridges, and oracle price manipulation, among others.