Cybercriminals continue to target the cryptocurrency industry, this time with an exploit that affected the Balancer decentralized finance platform, with total losses exceeding $100 million and involving several exchanges that use the software across multiple chains. Some of the money was recovered, but over $90 million has been converted to Ethereum by the criminals, likely as part of their laundering process.
This is the worst year ever for crypto hacks, with billions in losses so far.