January saw a slow month for crypto and DeFi exploits, as a relatively small amount of value was exploited compared to the same time last year.
PeckShield reported the largest exploit from last month, representing 68% of the total, was the one carried out on the DeFi lending and borrowing platform LendHub which lost $6 million on Jan. 12.
Other notable exploits for the month included Thoreum Finance which lost $580,000 and Midas Capital which was exploited for $650,000 in a flash loan attack. January’s figure is also down 68% from December 2022 which saw almost $27.3 million in exploit losses, according to PeckShield. Other losses not included in the data include a $2.6 million rug pull on the FCS BNB Chain token, according to DeFiYield’s Rekt. There was a further $150,000 lost to fake BONK tokens, and a $200,000 rug pull on the Doglands Metaverse gaming platform, DeFiYield reported.
A phishing attack on the GMX decentralized trading protocol on Jan. 4 also resulted in a victim losing as much as $4 million.
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