Quantstamp highlighted that the actions of bad actors using various attack methods like smart contract hacks, key compromises and scams resulted in total losses of $38.9 million in January.
Decentralized finance (DeFi) security startup Quantstamp has identified the top five smart contract protocols that suffered the most losses from exploits and hackers in January.
In a post on social media platform X, Quantstamp highlighted that the actions of bad actors using various attack methods like smart contract hacks, key compromises and scams resulted in total losses of $38.9 million in January.
Gamma Strategies also faced a flash loan attack on Jan. 4, hours after the Radiant attack, resulting in a code bug that enabled attackers to siphon $6.1 million from Gamma’s public-facing vaults. To address the issue, Gamma temporarily halted deposits, fixing the vulnerability.
