Attack Patterns Produce Growing Losses Targeting Mutual Vulnerabilities Endemic to Decentralized Finance

Synopsis

In 2021 cryptocurrency surpassed $1 trillion in total market value for the first time (1). Along with that legitimate growth, the raw value of illicit transaction volume reportedly reached its highest level ever (2). Threat actors are homing in on Decentralized Finance (DeFi) as a source of profit. In this report, EclecticIQ analysts identify the attack patterns emerging in cyberattacks that have produced the highest returns. The analysis identifies areas subject to repeating attack patterns, …

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