More recently, it dropped to a 52-week low of $0.0054 on 7 September.Īt the time of writing, on 13 September, AMP was trading at $0.0059, down 7% over the past 24 hours. It plummeted below its launch price in June. This bear market proved difficult for the collateral token. AMP dropped below $0.05 in September and fell to the $0.02 mark in Janaury 2022. This came after its listing on the Coinbase ( COIN) exchange.ĭespite experiencing a few price surges over the rest of 2021, it saw an overall downward trend. Earlier this year, Chainalysis estimated that North Korea-affiliated groups have stolen approximately $1 billion of crypto from DeFi protocols.US30 US Wall Street 30 (USA 30, Dow Jones)ĪMP hit its all-time high of $0.12 on 16 June. About $100 million wasn’t recovered, while the rest was frozen, according to a Binance statement.ĭeFi platforms have become a frequent target of state-sponsored hacking. Last week, 2 million Binance Coins - equivalent to nearly $570 million - were effectively minted and taken by a hacker. The perpetrator wiped out depositors on the platform in the process. One was a heist whereby a hacker spirited away about $100 million from DeFi service Mango by manipulating the price of its token. Two major exploits have roiled the crypto sector in recent days. “October is now the biggest month” for hacking activity in 2022, Chainalysis said Thursday on Twitter, adding that bridges between blockchains are a big vulnerability too. That’s putting the onus on crypto players to find solutions given that DeFi is touted as important for crypto adoption. Hackers have become adept at exploiting weaknesses in the security, coding and structure of DeFi marketplaces. Most of the targets are so-called decentralized finance - or DeFi - protocols, which deploy software-based algorithms to enable crypto investors to trade, borrow and lend on digital ledgers without using a central intermediary. Cryptocurrencies may have crashed this year but they remain a digital cash-machine for one potent constituency: hackers.Īt least $718 million has been stolen so far in October alone, taking the gross tally for the year past $3 billion and putting 2022 on course to be a record for the total value hacked, according to blockchain specialist Chainalysis Inc.
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