1. Ronin Network
In March 2022, Ronin Network, an Ethereum-linked sidechain that powers Axie Infinity, NFTs, was hacked.
The network lost a total of $624 million in the form of 25.5 million USDC and 173,600 ETH, making it the most expensive crypto hack of all time.
2. Poly Network
Last year’s August 2021 Poly Network attack was valued at $611 million in stolen funds.
Reports claim that Poly Network offered the hacker a chief security adviser position at the company. plus a $500, 000 bounties to restore the remaining funds.
February 2022 marked the first hack of the year where Wormhole, lost 120,000 wETH, valued at $326 million.
Reports suggest that the hacker might have been tipped off of the security flaw (by an insider) before the patch update was deployed to the project itself.
In December 2021, BitMart, a cryptocurrency exchange platform, was the victim of a $196 million hacking attack.
Beanstalk, an Ethereum-based stablecoin DeFi platform, lost a total of $181 million in April 2022 due to hacking that exploited the network’s governance model.
According to PeckShield, the hacker got away with $80 million in cryptocurrency, with the platform’s losses totaling $181 million.
Friends, we can't explain everything about these hacks here due to the google web stories word limit. So we made a dedicated article on this topic, please check below.