October 3rd 2026, 10:10 PM
September Crypto Hacks Reveal Smaller Scale of Industry Woes
Key Summary
Crypto hacks resulted in $766.49 million in losses in September, with PeckShield identifying 55 major breaches. The two largest incidents, involving Bitget and Liquid, accounted for $707 million of the losses. The Bitget hack, totaling $387 million, and the Liquid Network theft, totaling $285 million, were the largest and second-largest crypto thefts of the year. Smaller hacks added up to $59 million, with the majority involving laundering and other secondary exploits. North Korea-linked hackers are believed to be laundering the stolen Bitget funds through various cryptocurrency exchanges and services.
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Key Findings
Crypto hacks resulted in a total loss of $766M in September, with Bitget and Liquid leading losses. This is less than half of the $136.3M lost in August, with 53 other hacks totaling $59MMarket Takeaways
The September losses indicate a decrease in the frequency and severity of hacks, but the overall trend remains a concern for the industry. The $59M in losses from 53 hacks is still a significant amount and highlights the need for improved security measures.#Crypto#US#SEC