early 2023<\/strong>.<\/p>\n\n\n\nTypus Finance and Abracadabra complete the trio of major exploits for the month. The former, a yield platform on Sui, suffered an oracle manipulation<\/strong> on October 15<\/strong> that drained $3.4 million<\/strong> from its liquidity pools. The attack exploited a vulnerability in a TLP contract, causing a 35%<\/strong> drop in the native token. Abracadabra, for its part, weathered its third exploitation<\/strong> since launch with estimated losses of $1.8 million<\/strong> in MIM stablecoin<\/strong>.<\/p>\n\n\n\n
Source: DeFiLlama<\/figcaption><\/figure>\n<\/div>\n\n\nGarden Finance and Typus: Technical Vulnerabilities Still Exploitable<\/h2>\n\n\n\n The attack against Garden Finance illustrates the persistence of vulnerabilities in intermediary components. Security audits often overlook resolvers, which facilitate transactions between users<\/strong> and constitute points of centralization. The Typus Finance case demonstrates another threat: oracle manipulation, allowing hackers to falsify asset prices and drain liquidity pools<\/strong>. Abracadabra confirms that a history of exploits doesn’t immunize a protocol, revealing structural gaps and flaws in post-incident audits.<\/p>\n\n\n\nOctober’s figures mask a concerning evolution in the threat landscape<\/strong>, with North Korean-linked hacking groups now directly integrating malicious code into blockchain networks, bypassing traditional security layers. State actors’ involvement is intensifying, targeting blockchain infrastructure to establish persistent backdoors. DeFi protocols are strengthening their security audits<\/strong> and monitoring systems, but these efforts remain focused on application layers.<\/p>\n\n\n\nThis phase of blockchain cyber-warfare<\/strong> is pushing protocols to rethink their security models, as traditional defenses based on smart contract audits and transaction monitoring are insufficient against attacks targeting the foundations of decentralized systems. The decline in hacks<\/strong> might reflect a transition period, but the crypto industry remains at a crossroads \u2013 either moving toward sustainable security improvements<\/strong> or facing a new wave of sophisticated attacks<\/strong> in the coming months<\/strong>.<\/p>\n\n\n\n\n