The crypto industry lost over $120 million to hackers in September in isolated events. The hacks that led to the loss of $120 million in crypto assets occurred on various platforms but the platforms that witnessed the loss of a significant amount of money include BingX, Penpie, and Indodax. 

Blockchain analytics firm Peckshield Alerts revealed the data on the number of Hacks and the significant amount lost. 

According to Peckshield Alerts, the crypto industry witnessed over 20 hacks in September which led to $120 million in losses. However, September losses were down by 61.76% compared to the previous month of August.

Peckshield took to X to share its data on the hacks that took place in the month of September.

The data above revealed how the crypto industry lost $120 million to crypto hackers in September.

According to the above report, BingX, a Singapore-based cryptocurrency exchange was the biggest hit for the month with over $40 million in losses.

BingX was trailed by Penpie at $27 million, and Indodax, which lost over $21 million.

Other platforms witnessed hacks with losses of less than $10 million. They include DeltaPrime, which saw $5.98 million stolen, and Truflation with $5.6 million in losses.

Shezmu witnessed $4.9 million stolen but a portion of it was returned while Other Smaller hacks occurred in exchanges like Onyx, BananaGun, Bedrock, and CUT with losses of less than $5 million. 

$400 Million Lost in Q3 2024

The third quarter of 2024 saw the crypto industry lose $400 million to hackers and schemes. 

August was the worst of the Quarter with over $300 million lost to hackers in 10 events in the month.

Data from immunefi revealed that centralized finance was the favorite for crypto hackers accounting for 75% of total exploits as against 25% of decentralized finance.