Crypto Hacks Reach Record $766M in September
September's crypto landscape was marred by significant security incidents, according to PeckShieldAlert. The firm recorded 55 major hacks across the industry, resulting in $766.49M in losses. This figure represents a substantial month-over-month increase of 462% from August's $136.3M.
The Bitget breach and LiquidNetwork incident topped this year's theft rankings, with losses totaling near $387M and $320M respectively. The latter incident saw $285M returned to affected users.
These events have left the crypto community reeling, echoing patterns seen in history's largest exchange hacks and their market impact. The industry is grappling with these trends as it seeks to improve security measures and mitigate potential losses from future incidents.