Seems hacking incidents this month are really huge! Do you think this is one of the many signs that we are already in the bull run?
It's very unfortunate that crypto hacking is increased especially in the defi sector..I think hacking has no much relationship with bull run.. Whenever hacker successful to exploits any contract, he will not think how much fund is available.. He will not wait for bull market..It is free money and he will steal whenever he got opportunity regardless of bull or bear.
Hackers are everywhere and trying to take advantage of a lot of users and volume, especially in Decentralized Finance (DeFi).
I am also curious even we have a lot of hacks this month, market still holding strong.
As you can see, the recent hacks were major in the DeFi market, different platforms or networks.
This chart shows only Defi hack and there are lot of phising, telegram scam and wallet hacking on the daily basis..Centralized exchange Binance also faced SEC issue but market is still looking strong.. I think the reason behind is ETF.. People know that one good news will push btc above the 40k which is positive sign for crypto market.. This is the reason people are not selling despite of bad news.