7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama

BonqDAO: $1.7 million

BonqDAO revealed to its followers in a Feb. 1 post that its Bonq protocol was exposed to an oracle attack that allowed the exploiter to manipulate the price of the AllianceBlock (ALBT) token.

Orion Protocol: $3 million

Just a day later, decentralized exchange Orion Protocol suffered a loss of roughly $3 million on Feb. 2 through a reentrancy attack, where attackers used a malicious smart contract to drain funds from a target with repeated withdrawal orders.

dForce Network: $3.65 million

DeFi protocol dForce network was another February victim of a reentrancy attack resulting in losses of around $3.65 million.

Platypus Finance: $9.1 million

DeFi protocol Platypus Finance suffered a flash loan attack resulting in $8.5 million being drained from the protocol.

Are you now thinking to earn money from DEFI? If so, you need a DEFI development company like LBM Solutions to help you.