North Korea Suspected in $766M Crypto Hack Wave
September 2026 marked the worst month for crypto hacks this year, with over $766 million in losses. Two major incidents stood out: a $388 million hack of Bitget and a $320 million exploit on the Liquid Network.
The Bitget breach is suspected to be linked to North Korea, according to reports from CEO Gracy Chen. An attacker compromised a backend wallet system, exploiting it to falsify transfer data and activate the exchange's authorization-signing process.
Fortunately, over $270 million taken in the Liquid Network exploit was eventually recovered.
The month saw 55 significant incidents tracked by PeckShield, totaling $766.5 million in losses. CertiK documented 97 incidents, amounting to $768.4 million. The two firms' counts and totals differ, but their estimates are remarkably close, indicating the severity of the breaches.
September's losses represent a sharp jump from August and account for more than 25% of the total losses so far this year, according to CertiK's data.