In March, the security incidents caused a total loss of about 21

31 Mar 2023

According to the monitoring of the OKLink security team, the security incidents in March 2023 caused a total loss of about 210 million US dollars. Compared with the previous month, the number of security incidents and the amount of losses this month have increased significantly. Among them, Euler Finance was hacked, resulting in the theft of 197 million US dollars in cryptocurrency. This is the largest hacking attack on cryptocurrency losses so far this year. In addition, the number of RugPulls and the amount of losses have also increased significantly, and incidents such as social media fraud still occur frequently, such as Twitter project party account forgery and official Discord being attacked to release phishing links and other incidents.
The OKLink security team reminded that these security incidents were mainly due to vulnerabilities and misconfigurations in smart contracts that led to hacker attacks, resulting in significant financial losses. To prevent similar incidents from happening again, developers need to take action, including implementing best practices when writing secure code, regular auditing of smart contracts, and bug bounty programs.