In 2022, the 10 biggest hacks and exploits in crypto and the decentralized finance (DeFi) space saw $2.1 billion funneled to bad actors in a year dubbed “the biggest” ever for malicious activity.
Following an exploit on Harmony’s Horizon Bridge, the team has offered a bounty of $1 million which amounts to 1% of the total amount stolen, along with a promise to not seek out legal recourse.
DeFi exploits became the center of attention again as recent research shows that in the first two quarters of 2022, DeFi protocols have lost $1.6 billion to various exploits.