Summary
This past September hackers have managed to steal over $120 million from some big profiles on cryptocurrency platforms. Peckshield verified more than 20 incidents occurring during the month. The hackers are targeting both centralized and decentralized platforms.
The biggest damage by hackers in September was dealt to BingX, a Singapore-based exchange that lost about $44 million in a single incident. Penpie, a decentralized finance protocol also suffered a $27 million breach, making it 2nd most damaged entity by crypto hackers. Indodax, a leading cryptocurrency exchange in Indonesia, also suffered about $21million breach. These three represent a significant amount of losses the crypto community had to bear because of hacking.
Many other platforms, such as DeltaPrime, Truflation, Shezmu, Onyx, BananaGun, Bedrock, Cut, etc. were hacked, totaling up to $28 million which makes the overall hacked money well over $120 million. Despite the growing popularity of DeFi, it has become a major target for cybercriminals due to their insufficient security protocols. Most of the platforms hacked are from Asia, it seems that the hackers have found a way to exploit security gaps in the region’s rapidly growing crypto markets.
With September’s hacking, the total amount stolen in 2024 has reached a huge amount of $409 million. These incidents raise serious concerns about the security of the crypto market, casting doubt on its reliability and safety for investors.