September will be the biggest month for crypto exploits in 2023: CertiK

September has officially become the worst month for crypto-related exploits in 2023 (so far) – with a whopping $329.8 million stolen in crypto.

On October 2, the blockchain security company CertiK said that the most important contributor to the total of the month came from the Mixin Network attack on September 23, which lost $ 200 million due to a breach of the Hong Kong-based decentralized chain transfer protocol. Cloud service provider.

#CertiKStats alert

Combining all events in September, we found that ~$332M was lost to exploitation, hacking and fraud.

Withdrawal fraud was ~$1.9M.

Flash loans were ~$0.4M.

Exploitation was ~$329.8M.

See more details below pic.twitter.com/DMFN9LWU8V

— CertiKAlert (@CertiKAlert) September 30, 2023

Other major events in the month include attacks on the CoinEx exchange and Stake.com, resulting in losses of $53 million and $41 million, respectively.

As reported by Cointelegraph, North Korean hacking group Alazarus Group has been blamed for both attacks. The latest figures from Dune Analytics say the group currently holds $45.6 million in crypto assets.

The attack took the annual total of crypto lost to exploitation to $925.4 million. July was the second highest month for exploitation, grossing $285.8 million.

Meanwhile, during the month, $1.9 million was lost to exit scams, $400,000 to credit attacks and another $25 million to phishing attacks, according to CertiK.

In the year The total lost to exploitation, fraud and hacking by 2023 now totals $1.34 billion.

RELATED: North Korea's Lazarus Group Raises Over $40M in Bitcoin, Data Says

According to blockchain security firm Beosin, total losses from hacking, phishing scams and offshore fraud were just under $890 million for the third quarter of 2023.

The loss in Q3 exceeded the combined sum of the first two quarters, with losses of $330 million in Q1 and $333 million in Q2, Beosin reported late last week.

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