PeckShield Reports Over 200 Vulnerabilities Detected in February and Stolen US $35.3 Million

03/01/2023 16:27 • Tech Trends • 115 views

According to reports, PeckShield, the security team, reported that more than 200 vulnerabilities were detected in February and stole US $35.3 million, of which about 141 occurred on February 11. It is estimated that the damage caused by BonqDAO vulnerability is $120 million, while the attacker gains about $2 million. As of February 28, 2023, US $935000 ETH and US $6000 BNB have been transferred to Tornado Cash.

Security team: more than 200 vulnerabilities occurred in February, and the theft amount reached US $35.3 million

Analysis based on this information:

According to a recent report by PeckShield, a security team, more than 200 vulnerabilities were detected in the month of February resulting in the loss of US $35.3 million. Of these vulnerabilities, approximately 141 occurred on February 11, indicating a concentrated attack on that day.

The report highlights the significant damage caused by the BonqDAO vulnerability, which resulted in a loss of $120 million, while the attackers only gained about $2 million. This highlights the destructive power of these types of attacks, where hackers can reap huge benefits from exploiting vulnerabilities in a matter of minutes.

Additionally, the report shows that as of February 28, 2023, US $935000 ETH and US $6000 BNB have been transferred to Tornado Cash. This is an anonymous mixer service designed to enable users to obfuscate the source of their funds, thus making it difficult to trace the ultimate recipient of the funds.

This report underscores the need for better security measures to protect against these types of attacks. While security teams are becoming increasingly vigilant in identifying and patching vulnerabilities, it is clear that attackers are becoming more sophisticated and better able to exploit even the smallest weaknesses in a system.

It is important for users to take an active role in protecting their own funds, including using strong passwords, enabling two-factor authentication, and being cautious when sharing personal information online. Additionally, exchanges and other service providers need to remain vigilant in identifying and addressing vulnerabilities as soon as they are discovered.

In conclusion, cybersecurity threats continue to be a significant challenge for the cryptocurrency industry, and it is critical that all stakeholders remain proactive in addressing these risks. This report serves as a reminder that vulnerabilities exist and can be exploited to devastating effect, and it underscores the importance of strong security measures to ensure the ongoing safety and security of the cryptocurrency ecosystem.

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