PeckShieldAlert made a post on Twitter describing the current market situation regarding hacks in the crypto industry. So, there’s an incredible increase in the value of crypto hacks in the industry. Many institutional and top crypto individuals are the targets of these hacks. Here’s a breakdown of these hacks in September 2023.
Rampant Crypto Hacks on September
- A crypto hack is when cybercriminals illegally access a crypto wallet or protocol and then steal the funds there. So, those who carry out these actions have no authorization to access and transfer these funds.
- According to data from PeckShieldAlert, there were several occurrences of crypto hacks in the month of September. In fact, the amount of hacks in September places it as the month with the highest value of hacks in crypto. So, there was as much as $355.9 million worth of hacks in September.
Comparing September With Other Months in 2023
- On their Twitter (now X) account, PeckShieldAlert made a clear comparison of other months in terms of hacks and September. One can see there’s a massive amount of hacks in September. So, September alone takes up many months combined together.
- The amount of hacks in January was minimal, at around $16 million worth of crypto stolen. So, there was an increment in February with about $34.43 million worth of crypto stolen. March made it the month with the second-largest number of hacks in 2023, and it’s even close to the one in September. So, the total worth of hacks in March was around $203.33 million. There was some decrease in April as only about 90.94 worth of crypto was stolen within this period. So, there was another massive decrease, as there were only around $13 million stolen cryptocurrencies in May.
- In June, there was another massive increase in crypto hacks, bringing the value to $93.14. There was even more increase in July, with around $165.3 million of cryptocurrencies stolen. So, there was another decrease in August as cybercriminals managed to take about $17 million worth of crypto. September is currently the highest and by a wide margin. So, there was $355.91 worth of crypto stolen in September.
Top 10 Crypto Hacks in September
- PeckShieldAlert also made a top 10 rankings of the crypto hacks that happened within the month of August. So, it was a combination of institutional and individual hacks. The one from institutions took the lead, with more than $200 million taken by hackers.
- The hack against Mixin Network was the largest in the month of September, with around $200 million. Following suit was Coin.fx, with about $74 million worth of crypto stolen. So, the third largest hack was Stake.com, with $41 million worth of cryptocurrencies. The fourth was Whale Phishing, and the fifth was Fortress, with around $24.3 and $15 million worth of hacks, respectively.
- The sixth crypto hack here was that of the newly launched HTX Exchange, with around $8 million stolen. So, the seventh here is Remitano hack of $2.7 million, and the eighth was Mark Cuban at about $0.87 million. GMBL took the 9th position, and Vitalik Buterin took the 10th position at $0.82 and $0.7 million, respectively.
Conclusion
Crypto hacks are becoming more prominent in the crypto industry, with many institutions and individuals losing access to cryptocurrencies. So, there was a massive increase in the rate of crypto hacks in September 2023. Apparently, the total worth of hacks here was more than $355.91 million. So, this is more than many months in the crypto industry combined. The top hacks here were those of Mixin Network and Coin.fx.
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