September has officially become the worst month for crypto-related breaches of 2023 (so far), with a whopping $329.8 million worth of crypto stolen.
On October 2, blockchain security firm CertiK said that the largest contributor to the month’s total came from the Mixin Network attack on September 23, when the Hong Kong-based decentralized cross-chain transfer protocol lost money due to a cloud breach US$200 million service provider.
Combining all events in September, we have identified approximately $332 million in losses due to exploits, hacks, and scams.
Exit scam worth approximately $1.9 million
Flash loan is about $400,000
Exploits worth approximately $329.8 million
See more details below pic.twitter.com/DMFN9LWU8V
— CertiK Alert (@CertiKAlert) September 30, 2023
Other significant incidents this month included attacks on the CoinEx exchange and Stake.com, which resulted in losses of $53 million and $41 million respectively.
According to Cointelegraph, the North Korean hacker group Lazarus Group has been blamed for both attacks. The latest data from Dune Analytics states that the group currently holds $45.6 million in crypto assets.
The attack brought the total annual cryptocurrency losses due to vulnerabilities to $925.4 million. July was the second-highest month for exploit losses, with $285.8 million stolen.
Meanwhile, $1.9 million was lost this month to exit scams, $400,000 was lost to flash loan attacks, and $25 million was lost to phishing attacks, according to CertiK.
In 2023, losses due to exploits, scams, and hacks totaled $1.34 billion.
related: Data shows North Korea’s Lazarus Group has amassed more than $40 million in Bitcoin
According to data from blockchain security company Beosin, total losses from hackers, phishing scams, and exit scams in the third quarter of 2023 were just under $890 million.
The loss in the third quarter was even greater than the previous two quarters combined, which was US$333 million in the first quarter and US$333 million in the second quarter. report late last week.
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