Crypto Hacks Top $120M in September, BingX and Indodax Suffer
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
In September 2024, hackers stole over $120 million in a series of high-profile crypto hacks on cryptocurrency platforms.
The latest figures from PeckShield revealed that more than 20 incidents occurred during the month, targeting both centralized and decentralized platforms.
The largest breaches involved platforms such as BingX, Penpie, and Indodax, which collectively accounted for over $90 million in losses.
These hacks add to a growing trend of security breaches in the crypto sector, contributing to a staggering $409 million in losses in the third quarter alone, as highlighted in a recent Immunefi report.
#PeckShieldAlert September 2024 saw 20+ hacks in the crypto space, leading to ~$120.23 million in losses. (Note: The $32.4 million worth of $spWETH drained in a Permit signature #phishing is not included)#Top 10 Hacks in September 2024:#BingX: $44 million#Penpie: $27 million… pic.twitter.com/t2YuvIds6u
The biggest blow in September was dealt to BingX, a Singapore-based exchange that lost approximately $44 million in a single incident, making it the hardest-hit platform of the month.
This hack follows previous vulnerabilities in the platform. BingX’s losses in September represent a significant portion of the total $409 million stolen by crypto hackers in Q3 2024.
Penpie, a decentralized finance protocol, also suffered a $27 million breach.
Despite the growing popularity of DeFi, with over $87 billion in total value locked across various protocols, these platforms have become prime targets for cybercriminals due to their complex
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