Crypto
September Sees the Largest Crypto Exploits Throughout 2023
As per the statistics, September has turned into the worst month of the whole year up till now in terms of the number of crypto exploits.
The reports point out that several exploits in the crypto sector have taken place during the previous month. As per the statistics, September has turned into the worst month of the whole year up till now in terms of the number of crypto exploits. During this month, the hackers remained effective in draining cryptocurrency of nearly $329.8Mworth.
September Witnesses the Enormous Crypto Losses in Exploits During 2023
On the 2nd of October, CertiK (a blockchain security platform) discussed the most crucial contribution to crypto exploits in September. The platform asserted that the respective contribution is related to the Mixin Network attack that took place on 23 September. Then, the Hong Kong-based platform lost almost $200M because of an infringement of the company’s cloud service-providing forum.
#CertiKStatsAlert 🚨
— CertiK Alert (@CertiKAlert) September 30, 2023
Combining all the incidents in September we’ve confirmed ~$332M lost to exploits, hacks and scams.
Exit scams were ~$1.9M
Flash loans were ~$0.4M
Exploits were ~$329.8M
See more details below 👇 pic.twitter.com/DMFN9LWU8V
The rest of the prominent incidents that took place during the respective month involved the exploits of Stake.com and CoinEx. These events resulted in enormous losses of nearly $41M and $53M respectively. The reports disclosed that Lazarus Group has supposedly been engaged in both of the attacks. The authorities in North Korea support Lazarus Group in such operations.
July Secures the 2nd Position Concerning Exploits
The new data from Dune Analytics assert that the group possesses approximately $45.6M worth of crypto assets. With the respective attack, the annual cumulative lost crypto in exploits reached the figure of $925.4M. July emerged as the second-highest month in terms of exploit losses. During this month, approximately $285.8M was pilfered.
Also Read: Crypto Scams, Hacks, and Exploits Drained $1 Billion This Year, Says a Report
In the meantime, the respective month additionally witnessed the drainage of approximately $1.9M through exit scams. Apart from that, flash loan attacks saw a loss of up to $400,000 while phishing attacks drained $25M during July. Blockchain security company Beosin revealed that exit scams and phishing scams were just below $890M during this year’s 3rd quarter. The third quarter’s losses also exceeded the total sum of the early 2 quarters.
