October crypto hacks tally up to $88.4m in losses across 20 incidents

PeckShield reports that October saw nearly 20 crypto hacks, leading to around $88.4 million in losses, with the top incident affecting Radiant Capital.

October proved to be a difficult month for the crypto sector, with around two dozen hacker attacks resulting in losses of $88.4 million, while total on-chain losses rose to $181 million.

Data compiled by blockchain analytics firm PeckShield shows that the largest incident involved Radiant Capital, which lost $53 million after the breach of multi-signature wallets linked to the Ethereum network.

Other breaches included a U.S. government seizure of $20 million. However, the stolen funds were eventually recovered, while EigenLayer saw $5.7 million worth of crypto laundered via crypto exchanges such as HitBTC and Bybit.

https://twitter.com/OKLink/status/1852226738324942935

Meanwhile, data from OKLink indicates that phishing scams alone accounted for $43.5 million in losses, with around $35 million in fwDETH lost due to a phishing attack involving a deceptive “permit” signature. Additionally, private key leakage incidents resulted in $7.2 million in lost funds, while rug pulls accounted for $45.7 million in losses.

The latest data shows a 26% decrease in losses compared to September, when hackers stole $120 million across more than 20 incidents. While the figure remains significant, the overall impact of crypto hacks was reduced compared to August, when the industry suffered over $300 million in losses from just 10 separate incidents.



Read the full article here

Share
Facebook
Pinterest
Twitter
WhatsApp
LinkedIn
Email
Telegram
Related News
Comment

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision

Exit mobile version