Blockchain security company PecShield reported that the cryptocurrency industry suffered over 20 hacking incidents in September 2024.
According to the company, these events resulted in approximately $120.23 million in losses, excluding $32.4 million worth of Spark Wrapped Ethereum (spWETH) that was leaked in a phishing attack on September 27th.
BingX, Penpie, and Indodax are the most affected.
CryptoPotato reported on some of the biggest hacks in the last month, including a $44 million breach at BingX, a $27 million loss at Penpie, and a $21 million loss at Indodax.
In the BingX incident that occurred on September 20th, PecShield alerted the public to the first $13.5 million breach that it deemed suspicious. However, upon further investigation, several on-chain security experts gave different estimates of the loss, ranging from a low of $44 million to a high of $52 million.
In response to the subsequent attack, the Singapore-based exchange assured users that it would cover any losses as “minor.”
The Penpie incident was one of the first of the month, occurring on September 3rd. Post-mortem analysis revealed that the perpetrators were able to exploit a re-entry protection vulnerability on the platform to register a fake Pendle market. They used this to manipulate the platform’s reward system and ended up getting 11,113.6 ETH.
In the case, the person allegedly involved in the $200 million Euler hack in 2023 contacted the PenPy attackers, congratulating them on the exploit and urging them not to return a penny of the stolen money. , there was also a bit of drama. money.
Indonesian cryptocurrency exchange IndoDax was also one of the companies most affected by criminal activity last month. In this exploit, the perpetrators reportedly infiltrated the platform’s withdrawal system and stole large quantities of Bitcoin (BTC), Tron (TRX), Polygon (MATIC), and Shiba Inu (SHIB).
small hack
Other platforms affected on a smaller scale by September’s cryptocurrency breach include DeltaPrime, which suffered a loss of $5.98 million, and Truflation, which suffered a loss of $5.6 million.
Onyx, a fork of Compound Finance, also lost $3.8 million last month. In October 2023, the protocol was robbed of an additional $2.1 million. In this incident, the perpetrators reportedly exploited known vulnerabilities in Onyx’s code, which were also used to steal funds from Midas Capital and Hundred Finance.
This month’s top 10 biggest hacks are dominated by BananaGun with $3 million in damage, Bedrock with $1.75 million in breach, and Caterpillar Coin (CUT) with $1.4 million lost in flash loan attack. Ta.
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