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DeFi Hacks Continue To Highlight Weaknesses In Crypto Ecosystem Security : Analysis

DeFi Hacks Continue To Highlight Weaknesses In Crypto Ecosystem Security : Analysis

MetaMask’s latest ecosystem security report reflects a rather sobering picture of the state of crypto security. In a single month, attackers stole more than $570 million across just three major incidents, underscoring how quickly threats are evolving in decentralized finance and the broader blockchain ecosystem.  The largest breach hit KelpDAO on April 18, where roughly $290 million vanished after attackers compromised RPC nodes and fed false blockchain data to the protocol’s verifier while launching DDoS attacks on legitimate nodes. North Korean-linked Lazarus Group is widely suspected.

A partial recovery of $71 million was achieved through asset freezes coordinated by Arbitrum’s Security Council and law enforcement.

Days…

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