- There were eight bridge-related hacking incidents in DeFi this year, with cumulative losses reaching $328.6 million.
- The largest bridge hack was the KelpDAO and LayerZero (ZRO) incident, which caused about $292 million in losses.
- After the KelpDAO hack, total TVL in the DeFi market fell from about $100 billion to $86 billion.
Forecast Trend Report by Period
Losses from decentralized finance, or DeFi, bridge hacks have reached $328.6 million so far this year.
Cointelegraph reported on May 23, citing data from blockchain security firm PeckShield, that there have been eight bridge-related hacking incidents in DeFi this year. Cumulative losses totaled $328.6 million.
PeckShield data showed the largest bridge hack this year involved KelpDAO and LayerZero (ZRO), with losses of about $292 million. Other cases included hacks involving THORChain (RUNE), the Verus-Ethereum Bridge and the IoTeX Bridge.
The data also showed that total value locked across the DeFi market fell to $86 billion from about $100 billion after the KelpDAO hack.
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