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November witnessed an upsurge in Web3 hacks and exploits as crypto hackers stole nearly $350 million across 28 incidences, according to blockchain security firm Peckshield<\/a>.<\/p>\n This marked the second-largest month for such occurrences this year, behind the $356 million stolen in September but nearly tenfold from October\u2019s $32.47 million.<\/p>\n The cumulative losses from crypto exploits this year have reached approximately $1.37 billion as of the end of November.<\/p>\n In November, approximately $236 million was illicitly transferred from projects associated with Justin Sun<\/a>, namely Poloniex, HTX<\/a>, and Heco Bridge. These Sun-linked ventures collectively make up nearly 70% of the total funds stolen in terms of monetary value during that period.<\/p>\n For context, CryptoSlate<\/em> reported two major compromises of a Sun-linked platform during the month. On Nov. 10, Poloniex<\/a>, a crypto exchange purchased by the crypto entrepreneur in 2019, suffered<\/a> a $100 million hack, with the attacker using the stolen funds to pump Tron blockchain\u2019s native TRX token.<\/p>\n Less than two weeks after the Poloniex hack, Sun confirmed<\/a> that HTX and Heco Bridge suffered an attack that lost users\u2019 funds. At the time, CryptoSlate<\/em> reported that the projects lost more than $100 million.<\/p>\n However, Sun has announced<\/a> plans to reward users and cover the losses they suffered from the exploits of his platforms.<\/p>\n Aside from Sun\u2019s project losses, other crypto projects that suffered major exploits during the month include KyberSwap, which was drained<\/a> of around $55 million, and Taipei-based crypto trading firm Kronos Research, which lost $26 million to unauthorized access of its API keys.<\/p>\n Other projects like the decentralized exchange dYdX<\/a>, Raft Protocol, Onyx Protocol, and others cumulatively lost around $25 million combined.<\/p>\nJustin Sun projects dominate<\/h2>\n
Other hacks<\/h2>\n