Hackers stole nearly $3B of assets from crypto users this year alone--more than all other years combined.
What can we learn from these exploits to make DeFi a safer place?
We broke down the ten largest hacks of all time. Here's what we found.
TLDR: the attack surface for protocols is large and there are no silver bullets. We will continue to see familiar and creative exploits. Protecting user funds is a collective effort and requires a holistic approach.
As shown in the table, there are a wide range of exploits.
In a sample size of only ten, we see six distinct causes of hack.