September Crypto Carnage: A Month of Devastating Exploits and Losses

<p>The cryptocurrency
world is dealing with a very concerning trend. In September 2023, a staggering $329.8
million was stolen in crypto-related exploits, emerging as the
most devastating month so far this year.</p><p>Phishing,
Scams, and Hacks Drain $1.34 Billion in 2023</p><p>The blockchain
security firm CertiK has identified the primary contributor to this huge sum as
the Mixin Network attack on September 23. During this incident, the Hong
Kong-based decentralized cross-chain transfer protocol suffered a severe breach
of its cloud service provider, which resulted in losses amounting to $200 million.</p><p>Other
notable incidents in September included attacks on the CoinEx exchange and
Stake.com. Those two incidents led to losses of $53 million and $41 million,
respectively. The
Lazarus Group, a hacking collective associated with North Korea, has been implicated
in both of these major attacks. Recent data from Dune Analytics indicated that
the group currently holds approximately $45.6 million in stolen crypto assets.</p><p>These
exploits have pushed the year's total losses due to crypto-related incidents to
an overwhelming $925.4 million. However, July stands as the second-worst month for exploit
losses, with $285.8 million stolen.</p><blockquote><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/CertiKStatsAlert?src=hash&amp;ref_src=twsrc%5Etfw">#CertiKStatsAlert</a>