DeFi Platform DFX Finance Hack Stealing $4 Million

By   ISBuzz Team
Writer , Information Security Buzz | Nov 11, 2022 03:59 am PST

A foreign exchange-focused DeFi protocol DFX Finance was attacked on Nov. 11, with the attacker stealing roughly $4 million.

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November 22, 2022 1:37 pm

DFX got hacked into loan loans just 1 day after the FTX incident, and FTX was looking for a big loan without success. Are clearly suspicious.

Rebecca Moody
Rebecca Moody , Head of Data Research
November 11, 2022 12:00 pm

Overnight, DeFi platform DFX Finance was hacked to the tune of $4-5 million (exact figures are still being confirmed). This takes the total loss to crypto hacks in November alone to $38.6 million, according to Comparitech’s Crypto Heists Tracker.  In this latest hack, experts believe a vulnerability in DFX Finance’s flashloan mechanism enabled hackers to attack its swapping contracts.  So far this year, our team has tracked 166 separate crypto hacks which have amassed losses of over $2.6 billion. The number of attacks this year far exceeds last year’s total (132) and has nearly equaled the amount lost ($2.74 billion). October was the biggest month for crypto hacks so far this year with 25 reported but with six reported in the first 10 days of November, this month may not be far behind.

Last edited 1 year ago by rebecca.moody

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