Top 6 largest DeFi Hacks

[Imran232]

1: Poly Network: $611 Million

• Polygon
• Network
• Vulnerability exploit

2: Ronin: $552 Million

• Ethereum
• Play-to-Earn
• Private Key compromised

3: Wormhole: $326 Million

• Solana
• Cross-chain bridge
• Bridge exploit

4: Beanstalk: $182 Million

• Ethereum
• Stablecoin Protocol
• Flash Loan Attack

5: Compound: $150 Million

• Ethereum
• Lending protocol
• Bug exploit

6: Vulcan Forged: $140 Million

• Polygon
• Play-to-Earn
• Private Key compromise

Do you know about this? If yes then okay, if no then know mannn from here Shortcut Source:

[_BlackStar]

Move your thread to the altcoin discussion because I think you have picked the wrong place for your thread.

So far I am not very familiar with altcoin projects although I know some of them have also been successfully developed and provide good benefits for investors. Some of the ones you mentioned are new projects that still need development so I'm not really sure they can compete in the long term to be the best.

If you like altcoin then you should really understand that altcoin are not always great to have in your portfolio in the long term, meaning you have to sell them when you make a profit. But you will understand something different with bitcoin which has proven to be one of the most widely adopted assets as a means of payment.

[Psynthax]

As far as i know if that was not the real amounts that being hacked from the vulcan trasure wallet.  I have been watching this case until the case is closed and it's around 2 millions USD who have been stolen by the hackers. It seems like that those news sites were creating wrong report about this. It's not so big as stated in your thread caused by i have been also watching this case since the hack happened and team able to reimburse the money to holders who got affected by this hacked case.
For me that's too big.

[cryptoaddictchie]

So far I am not very familiar with altcoin projects although I know some of them have also been successfully developed and provide good benefits for investors. Some of the ones you mentioned are new projects that still need development so I'm not really sure they can compete in the long term to be the best.

Ronin isnt good for competition? If you tried using it then its one of the best and cheapest transaction for a gaming economy on metaverse like axie. I dont see this gonna compete on other l1 anytime soon plus its longer term usage.

These defi institution got hacked but it doesnt mean they arent good projects even they are still new.