Crypto Hacks Hit $766M in September With Bitget and Liquid Leading Losses
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PeckShield counted 55 major crypto hacks in September, with total losses of $766.49 million. Two incidents made up nearly all of that total: the Bitget breach at about $387 million and the Liquid Network theft at about $320 million, with $285 million of the Liquid amount returned.
Key claims & sources
What it means
Users and firms in the crypto sector will notice that September’s losses were concentrated in a small number of large hacks, with the Bitget and Liquid Network incidents accounting for most of the month’s total. That leaves exchanges, custodians, and network operators facing a month in which two events stood out above the rest in the public loss tally.
What changes in practice is the scale of losses being discussed for September, since the month moved from August’s $136.3 million to $766.49 million and two incidents dominated the total. What does not change is that the tally still describes major hacks and thefts rather than every security incident, so the month’s headline number remains a count of severe events.
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Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
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Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 10.3 years ago | Bitfinex · Wallet stolen incident | $900M |
| 7.5 years ago | Bitfinex · Scam incident | $851M |
| 6.3 years ago | BitClub · Ponzi incident | $722M |
| 4.6 years ago | Ronin Network · Bridge incident | $624M |
| 5.2 years ago | Poly Network · Improper access control incident | $611M |
4282 incidents stored · 13 were as large as this one or larger ($766.5M)