Crypto Hacks Hit $766M in September With Bitget and Liquid Leading Losses

Strip out Bitget and Liquid, and the other 53 September hacks total about $59 million, less than half of the $136.3 million lost in August. PeckShield counted 55 major crypto hacks in September, totaling $766.49 million in losses. That is about 462% above August’s $136.3 million, and two incidents account for nearly all of it. Two Breaches Dominate the Month The Bitget incident, at about $387 million, and the Liquid Network theft of about $320 million, of which $285 million was returned, are now the largest and second-largest crypto thefts of the year to date, PeckShield noted. They moved past the Drift and KelpDAO/LayerZero exploits. But take them out and the other 53 hacks add up to about $59 million, under half of August’s total. As CryptoPotato reported earlier, Bitget stated that its security systems flagged unauthorized transfers from parts of its hot wallets at 18:31 UTC on September 24. CEO Gracy Chen explained that the attacker got into a backend system in the wallet infrastructure, spoofed transaction data, and tricked the authorization process into releasing funds. The CEO ruled out a private key compromise and noted that cold wallets, which hold most of the exchange’s a...